Semiconductor companies around the world are preparing to make major investments in their research and development facilities, in an effort to meet growing demand as the global chip shortage rages on, reports CNBC News.
Highlights include:
- 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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