Chip Giants are Ramping Up Spending

Chip giants are ramping up spending by the billions as semiconductor demand booms

Key Points:

  • The world’s largest contract chipmaker, TSMC, has committed to investing $100 billion over three years to ramp up production. Rival Intel announced last March that it plans to spend $20 billion on two new chip plants in Arizona.
  • In the short term, semiconductor analyst Peter Hanbury expects the recovery from the chip shortage to be “choppy.”
  • Several other companies in the semiconductor supply chain will benefit from investments made by the chipmakers.

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