TSMC jumps nearly 10% adding $34 billion in value as Intel faces next-generation chip delays

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TSMC jumps nearly 10% adding $34 billion in value as Intel faces next-generation chip delays
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Intel said it could look for third-parties to manufacture some of its chips containing so-called 7-nanometer transistors. TSMC could be a beneficiary of that.

, said it had found an issue in the 7-nanometer manufacturing process. The U.S. chip giant's management said during its second-quarter earnings call that it had made "contingency plans" which includes looking at third parties to manufacture these semiconductors.is a customer for example."Chip outsourcing to foundries now its contingency plan, which opens up a TAM of approx.

He added that TSMC "pretty much monopolizes the space," referring to the production of chips with the 7-nanometer process. Samsung Electronics, another company that operates a foundry business, could also potentially take some of Intel's business. Its shares were over 2% higher on Monday.

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