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Semiconductors

TSMC hikes chip prices up to 20% amid supply shortage

Taiwanese company faces earnings pressure with plans for overseas plants

TSMC's price hike comes on the heels of an increase of more than 10% since last fall.   © Reuters

TAIPEI -- Contract chipmaking giant Taiwan Semiconductor Manufacturing Co. told clients Wednesday that it plans to raise prices on products by as much as 20%, in what would be the company's steepest single increase.

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