World’s Largest Chip Maker To Raise Prices
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip maker, is reportedly set to raise its prices by as much as 20 per cent, costs that will no doubt be passed along to the consumer.
Apple is one of the largest TSMC customers, although it is unclear whether or not this price hike will apply to the tech giant.
This comes in the midst of a worldwide chip shortage, which has resulted in many companies such as Intel and Samsung investing heavily in the sector, with hopes of overcoming the semiconductor shortage.
TSMC has also pledged $US100 billion over the next three years on new factories, production equipment, and R&D. The company has started building a $US12 billion factory in Arizona, as part of President Biden’s bid to increase U.S. based semiconductor production.