![[News] Intel Reportedly Collaborates with 14 Japanese Companies to Develop Semiconductor Backend Process Technology](https://mochipop.net/wp-content/uploads/2024/01/11142447/Intel-Oregon-Moore-Park-at-RA-1.jpg.rendition.intel_.web_.1648.927-624x351.jpg)
Taiwan Semiconductor Manufacturing Co (TSMC), a leading name in the semiconductor sector, saw its shares climb 5.8% Today after reporting a considerable 34.8% rise in October sales month-on- month. The sales increase is credited to the high need for AI chips and the launch of Apple (NASDAQ: AAPL)’s apple iphone 15, adding to a year-over-year earnings increase of 15.7%.
The business likewise introduced plans to develop a 2nd wafer construction plant in Japan, concentrating on progressed 6nm procedure innovation, reinforced by a $4.96 billion financial investment from the Japanese federal government. This step belongs to a bigger $13 billion campaign by Japan to strengthen its semiconductor and generative AI abilities, that includes TSMC’s existing procedures in Kumamoto.
Analysts are hopeful regarding TSMC’s development potential customers, with Wedbush Securities’ Matt Bryson forecasting a durable 4th quarter driven …
