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Supply Chain

TSMC says up to 2% of revenue will go to green initiatives

Chipmaker sets sights on renewables as energy use accounts for 60% of emissions

TSMC plans to set aside 1% to 2% of its revenue for green initiatives.   © Reuters

TAIPEI -- Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker and a key Apple supplier, said on Wednesday it will spend up to 2% of annual revenue on environmental, social and governance initiatives as part of its plan to reach net-zero emissions by 2050.

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