PALO ALTO, U.S./TAIPEI -- Chipmakers are cutting costs and curtailing aggressive spending plans as a COVID-fueled boom in the semiconductor industry rapidly swings toward what some fear will be a longer than usual downturn.
Semiconductors
Chipmakers trim spending by billions as COVID boom fades
Cost-saving could be tough for likes of TSMC and Intel amid race to build plants
Chipmakers like Taiwan Semiconductor Manufacturing Co. are adjusting spending plans as a chip shortage swings to a glut. © TSMC
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