Industry News: Chip giants are ramping up spending by the billions

As demand continues to grow, semiconductor companies are working hard to find a solution for the global chip shortage. According to CNBC, “The world’s largest contract chipmaker, TSMC, has committed to investing $100 billion over three years to ramp up production of its cutting-edge silicon wafers, which are used to make a variety of chips.” Who else is investing billions? Read about it here.