Connect with us

Uncategorized

TSMC raises chip prices by 20% amid supply shortage

Published

on

TSMC

The Taiwanese semiconductor maker (TSMC) is facing earnings pressure and plans to build factories overseas.

According to Nikkei, Taiwan Semiconductor Manufacturing Co ( TSMC ) on August 25 announced to customers about its plan to increase the price of products by up to 20%, this will be the company’s strongest price increase. Reports from Taiwan’s Liberty Times and other media said that the price increase time and time frame of the increase will vary depending on the customer. For some companies that received TSMC’s direct notification, the price increase was effective immediately.

TSMC and other Taiwanese semiconductor companies raised chip prices by more than 10% from last fall to spring this year. However, in the face of a strong increase in demand, the Taiwan company decided to continue raising prices.

The decision to raise prices right now may also affect the listed prices on technology products to end users. A spokesman for TSMC declined to comment to Nikkei on chip prices.

Concern about lower profitability is another reason behind the price increase. TSMC said it will invest $100 billion in capital over the three years to 2023. That commitment has raised concerns about a potential drop in profits as the company prepares to accelerate its overseas expansion. “It would be very expensive to manufacture in the US and Japan,” said a member of TSMC’s executive team.

TSMC is building an advanced semiconductor facility in the US state of Arizona, and is considering opening its first Japanese chip factory in Kumamoto. Major global customers such as Toyota Motor have announced production cuts due to a shortage of semiconductors. TSMC responded by increasing chip production , but predicts the impact will last until next year. TSMC currently maintains a high net profit margin of 36% in the quarter ended June 2021.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

Ronaldo Asks Man Utd board to Replace Solskjaer with Zidane

Published

on

C.Ronaldo requests for zidane as coach
photo: sports/Peachright.com

Ronaldo Asks Man Utd board to Replace Solskjaer with Zidane

According to El Chiringuito, Cristiano Ronaldo has advised Manchester United’s board to replace Ole Gunnar Solskjaer with Zinedine Zidane.

Following a 4-2 loss to Leicester City on Saturday, Solskjaer has been under greater scrutiny.

The Red Devils have lost three matches in the Premier League.

United’s leadership is said to have given Solskjaer their full support, believing the 48-year-old would enhance the team’s performance.

Senior officials at Old Trafford, on the other hand, are weighing their alternatives and have identified him as a viable contender, based on Ronaldo’s proposal.

According to the report, Zidane has met with United’s management, but he is interested in succeeding Didier Deschamps as France’s new head coach.

It’s also been reported that Zidane was approached by both PSG and Newcastle United, but the former Real Madrid manager declined both offers.

 

Continue Reading

Uncategorized

Tinubu will be a presidential candidate for the APC, according to a lawmaker

Published

on

BOLAJI TINUBU AND PRESIDENT MUHAMMADU BUHARI
Photo credit: STEFAN HEUNIS/AFP via Getty Images

Tinubu will be a presidential candidate for the APC, according to a lawmaker.

Hon Gbolahan Yishawu, a member of the Lagos State House of Assembly, has stated that the state chapter of the All Progressives Congress, APC, is ready to nominate Bola Tinubu, the party’s national leader, as its presidential candidate in 2023.

The outcome of Saturday’s State Congress, according to Yishawu, demonstrated that they were ready to appoint Tinubu the APC’s flag bearer.

The legislator, who represents Eti-Osa II, made the statement immediately after the congress, which took place at Lagos State’s Mobolaji Johnson Arena Stadium.

The success of the Congress, according to Yishawu, demonstrated that internal democracy was here to stay.

He praised party members for maintaining peace and order throughout the congress’s conclusion.

“As you can see here, everything is peaceful and orderly, and the rules and regulations of the party are being played according to the party’s constitution, and we are upholding all democratic and pragmatic stakeholders of today, internal democracy is working in the All Progressive Congress party,”

he said.

“For us in Lagos State, the Congress demonstrates that we are one and unified, and that we can galvanize ourselves, and by God’s help, our wish is for our leader, Aisiwaju Bola Tinubu, to be the party’s presidential candidate in 2023.”

Tinubu is rumored to be eyeing the presidency in 2023.

Posters have been seen in certain states, and a campaign office has been established in Abuja.

Despite the outpouring of support from his fans, the former governor of Lagos State has stayed mute about his presidential ambitions.

Continue Reading

Uncategorized

Oko Chukwu, the Deputy Governor of Abia, salutes Ikpeazu, at 57 and pledges his support.

Published

on

Okezie Ikpeazu deputy Oko Chukwu
photo: commons.wikipedia.org

Oko Chukwu, the Deputy Governor of Abia, salutes Ikpeazu, at 57 and pledges his support.

Rt. Hon Ude Oko Chukwu, the Deputy Governor of Abia State, has praised his boss, Governor Okezie Ikpeazu, for their overall cordial relationship and synergy.

He restated his sincere commitment to continue to support and collaborate with Ikpeazu in all of his efforts to provide the people of the state and Nigeria with a strong and effective democratic government.

The praise was contained in a statement issued by the Deputy Governor and made available to journalists in Umuahia on Sunday by his Chief Press Secretary, Obasi Okibeh Onwukah, congratulating Governor Ikpeazu on his 57th birthday on Monday.

Oko Chukwu said it was thrilling to be a part of the Abia administration, which has been led by Governor Ikpeazu since 2015, especially because of the state’s historic successes in all areas of the economy, which have substantially improved the state’s face and fortunes.

According to him, there are a thousand and one plausible reasons to thank and appreciate God for the clean bill of health he has bestowed upon the State Chief Executive, adding that his entire family is relying on God’s divine assurance to confidently declare that Kinetic Governor will continue to celebrate many more glorious birthdays ahead in stronger and healthier condition.

While congratulating him on his 57th birthday, the Abia Deputy Governor prayed that God Almighty would sustain and empower him in everything that he does in order to positively and effectively lead Abia State to higher heights for the glory of God and the common welfare of humanity.

Meanwhile, President Muhammadu Buhari congratulated Governor Ikpeazu on his 57th birthday milestone on Sunday.

To honor the Abia Governor, the President joined the whole Ikpeazu family, their friends, and acquaintances.

Femi Adesina, the Special Adviser to the President on Media and Publicity, made the announcement on Sunday.

Continue Reading

Trending Now