Chip Giants are Ramping Up Spending
Chip giants are ramping up spending by the billions as semiconductor demand booms
- 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.