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Taiwan Semiconductor Sets Sights Expansion Into Japan After Record Q2 Sales


by Tyler Durden
Thursday, Jul 15, 2021 - 07:40 PM
It isn t just the U.S. where Taiwan Semiconductor is looking to expand its footprint. Not only has TSMC made headlines for proposing to expand production into the United States, as we have documented numerous times, but now it is making headlines for how it has become the center of the semiconductor world - and how that can leave the world vulnerable. 
Now, the semi giant, in the midst of a global semi shortage, is looking to deploy new infrastructure in Japan for the first time in the company s history, according to Nikkei. The plans are not included in TSMC s already-disclosed three year, $100 billion capex budget for expansion. ....

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Asian Markets Mostly Lower Amid Cautious Trade


Asian Markets Mostly Lower Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are trading mostly lower on Wednesday, following the mixed cues overnight from Wall Street, on sinking oil prices, a strong U.S. dollar and expected profit taking. Traders also remain somewhat concerned about the outlook for monetary policy and await Wednesday s release of the minutes from the Federal Reserve s June meeting. Asian markets closed mixed on Tuesday.
The Australian stock market is modestly higher on Wednesday, recouping most of the losses of the previous session, with the benchmark S&P/ASX 200 just above the 7,300 level, as gold miners and technology stocks provided the boost. However, traders remain concerned amid the worsening domestic coronavirus situation. The cues overnight from Wall Street were mixed. ....

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