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Technology Stocks : Sequans Communications
SQNS 7.630-1.8%3:59 PM EDT
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From: FJB8/26/2021 10:53:51 AM
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TSMC hikes chip prices up to 20% amid supply shortage


Taiwanese company faces earnings pressure with plans for overseas plants

TAIPEI -- Contract chipmaking giant Taiwan Semiconductor Manufacturing Co. told clients Wednesday that it plans to raise prices on products by as much as 20%, in what would be the company's steepest single increase.

The price increases and the time frames for the hikes differ depending on the client, according to reports by Taiwan's Liberty Times newspaper and other media outlets. For some companies that received TSMC's notice, the hikes took effect immediately.

CONT... asia.nikkei.com
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