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  • 7 weeks ago
Shares of Taiwan chip giant TSMC reached their highest ever price today at about US$40. That follows decisions to increase investments in advanced processes and overseas facilities.
Transcript
00:00Shares of Taiwan chip giant TSMC reached their highest ever price today at about 40 U.S. dollars.
00:07That follows decisions to increase investments in advanced processes and overseas facilities.
00:13TSMC's board authorized more than 20 billion U.S. dollars for building more advanced tech and packaging capacity.
00:19It said it will phase out its 6-inch wafer production as it focuses on more advanced technologies.
00:24It also says it would inject up to 10 billion U.S. dollars in its foreign subsidiaries to avoid foreign exchange risks.
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