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NXP Semiconductors and TSMC-backed Vanguard announced a US$7.8 billion joint venture to produce silicon wafers on Wednesday (Jun 5), joining other chipmakers setting up plants in Singapore to diversify their manufacturing base.
Key players such as TSMC and ASE see sales and shares jump, as they expand offshore to hedge risks.
Shares in Taiwan closed at a new high on Wednesday, soaring more than 300 points, as investors scrambled to pick up contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) and other artificial intelligence-related stocks, dealers said.
Taiwan-based contract chipmaker United Microelectronics Corp. (UMC) on Tuesday held a ceremony to celebrate the arrival of the first equipment tools for phase 3 expansion at its Fab12i located in Singapore.
Shares in Taiwan closed slightly higher Monday as contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC) climbed out of its earlier weakness to vault the broader market back into positive territory, dealers said.