Fund managers see water risk for chip makers

Resource challenge: A wafer shown on screens at the TSMC Renovation Museum in Taiwan. Water issues are hitting the tech industry more broadly, beyond just semiconductors . — AFP

TAIPEI: Investors in semiconductor stocks face a growing threat to industry valuations: a chronic shortage of water.

For Abrdn Plc, there are now few issues as pressing as water for the sector, according to David Smith, a senior investment director for Asian equities at the asset manager.