Last year, TSMC’s water per wafer mask layer rose 14.5 per cent, hurting its efforts to meet a 16-per-cent savings goal, BI analysts Charles Shum and Sean Chen said in an August note. That growing reliance on a scarce resource “could increase its risk of production disruption from droughts,” they said.
But there are some notable exceptions. One of the world’s biggest climate funds, which is managed by Nordea Asset Management and adheres to the European Union’s strictest ESG rules, didn’t hold TSMC at the end of July, according to the latest available data compiled by Bloomberg. The sector has soared as semiconductors support everything from artificial intelligence to building 5G technology. Valuations also have been underpinned by supply concerns fanned by United States-China tensions and the trade barriers that have ensued.Article content
In the Netherlands, Microsoft Inc. found itself the target of local outrage last year after it was reported that one of the company’s local data centre facilities was consuming more than four times the maximum amount of water than previously disclosed.
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