News Snapshot:
Taiwan Semiconductor Manufacturing Co. TSM, +4.42% plans to spend $100 billion over the next three years to expand capacity, the company said in statements given to Bloomberg News and Reuters, following local reports. The company said the capacity is needed for 5G and high-performance computing demand. The company's fabs have been running at over 100% over the past 12 months, the Bloomberg report said. Taiwan Semiconductor's clients include Apple AAPL, +1.11% and Qualcomm QCOM, +1.72% .
