US$150 billion needed in 5 years to catch up with TSMC: IC Insights

Taipei, March 17 (CNA) As the U.S., the EU and China gear up to cultivate their own semiconductor industries, their governments will have to spend at least US$30 billion a year for five years to play catch-up with Taiwan Semiconductor Manufacturing Co. (TSMC) and South Korea's Samsung Electronics Co., according to U.S.-based market information advisory firm IC Insights.

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