TSMC said on Tuesday it would raise nearly $9-billion from the debt markets to help fund expansion and spend around $178-million to open a Japanese material research subsidiary.
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Intel’s surprise resolve to stick with chip manufacturing is a move that ought to bring a sigh of relief to leading foundry Taiwan Semiconductor Manufacturing Co.
Intel gave an upbeat forecast for the current quarter on continued demand for PCs that enable working and studying from home. The stock jumped.
TSMC expects to boost capital spending to as much as $28-billion this year to safeguard its lead in advanced technologies that made it chip maker of choice to the world’s technology and car giants.
Intel plans to tap Taiwan Semiconductor Manufacturing Co to make a second generation discrete graphics chip for PCs that it hopes will help it combat the rise of Nvidia.
Samsung Electronics rose the most in almost 10 months after Intel was said to be considering asking the South Korean giant and TSMC to make some of its most sophisticated chips.
Huawei this year will likely see slower 5G business and push further into software, while hoping its smartphones get a reprieve from US sanctions which last year struck the chip-reliant heart of its group, analysts said.
The US is set to add dozens of Chinese companies, including the country’s top chip maker, SMIC, to a trade blacklist on Friday, two people familiar with the matter said.
Makers of cars and electronic devices from TVs to smartphones are sounding alarm bells about a global shortage of chips, which is causing manufacturing delays.
Apple is planning a series of new Mac processors for introduction as early as 2021 that are aimed at outperforming Intel’s fastest chips.