Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract manufacturer of semiconductor products, fell about 3% after Intel announced plans to expand production and create an Intel Foundry Services (IFS) business unit to focus on contract manufacturing. manufacturing of semiconductor products. As you know, Intel is allocating $ 20 billion for the construction of two new factories in the United States.
Intel’s plans could raise concerns about semiconductor technology leaders TSMC and Samsung Electronics.
Last May, TSMC announced plans to build a $ 12 billion factory in Arizona.
Taiwan’s Economy Minister Wang Mei-hua said Intel’s plan is “not a challenge” for the island’s huge semiconductor industry.
“Firstly, I think our entire semiconductor ecosystem is very good, and secondly, our manufacturers are great and are constantly improving their technologies,” she said.
Wang also said that she would welcome Taiwan-US cooperation on semiconductor manufacturing, and expressed hope that the US would be able to increase investment in the island’s economy.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
