Intel’s $20 Billion Foundry Plan Hits TSMC, Samsung Shares
- Rival chipmaker stocks fall on competition, rising spending
- Chip-equipment maker stocks including Nikon and ASML soar
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Intel Corp.’s plan to spend billions of dollars on new factories and create a foundry business that will make chips for other companies sent shares of its two biggest Asian rivals lower Wednesday.
Taiwan Semiconductor Manufacturing Co. slid as much as 3.9%, while Samsung Electronics Co. dipped 1.3% in Seoul before paring its loss. At the same time, makers of chip equipment including Nikon Corp. and Europe’s ASML Holding NV soared.