Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- DENSO Corporation will acquire a minority stake in Taiwan Semiconductor Manufacturing Co Ltd's (NYSE:TSM) Japan Advanced Semiconductor Manufacturing, Inc for $0.35 billion.
- The investment will increase DENSO's stake to over 10%.
- TSMC said that the chip plant it is building in Japan with Sony Semiconductor Solutions Corporation would expand, with an extra $1.6 billion in spending, Reuters reports.
- Related Content: TSM To Build Chip Factory In Taiwan, Specialty Technology Fab In Japan
- Construction of JASM's fab in Japan will likely begin in the 2022 calendar year, with production by the end of 2024.
- TSMC will also enhance JASM's capabilities with 12/16 nanometer FinFET process technology in addition to the previously announced 22/28 nanometer process and increase monthly production capacity to 55,000 12-inch wafers.
- The total capital expenditure for JASM's Kumamoto fab will likely be $8.6 billion with solid support from the Japanese government.
- The fab looks to create ~1,700 high-tech professional jobs.
- Price Action: TSM shares traded higher by 3.20% at $123.60 in the market session on the last check Tuesday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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