TSMC shares slide, as Taiwan plays down Intel's $20 billion expansion challenge

TSMC shares slide, as Taiwan plays down Intel's $20 billion expansion challenge

3 years ago
Anonymous $hYN7Hy7o7J

https://www.reuters.com/article/us-intel-manufacturing-taiwan/tsmc-shares-slide-as-taiwan-plays-down-intels-20-billion-expansion-challenge-idUSKBN2BG09F

TAIPEI (Reuters) -Taiwan Semiconductor Manufacturing Co Ltd (TSMC) shares fell nearly 4% on Wednesday after Intel Corp announced a $20 billion plan to expand its advanced chip manufacturing capacity, even as Taiwan's economy minister sought to downplay the impact.