Taiwan Semiconductor Manufacturing, the world’s largest contract chip maker, plans to invest in specialty chip packaging company XinTec.XinTec makes a specialized glass-silicon sandwich package for certain kinds of chips, such as light detection sensors and image sensors used in digital cameras. Chip developers have been turning to more advanced chip packaging techniques to improve chip performance in recent years, enabling them to be smaller and more energy efficient for use in the ever-smaller, multi-function devices users demand. The companies will also share information on chip manufacturing technologies and co-develop new production techniques, XinTec said in a statement.TSMC said it will pay new Taiwanese $1.36 billion (US$41 million) for 90.5 million shares of XinTec. The purchase will reportedly raise TSMC’s stake in XinTec to around 51 percent. -Dan Nystedt, IDG News Service (Taipei Bureau)Related Links: SMIC Widens Legal Battle With TSMC Countersuit TSMC: SMIC Violated Terms of ’05 SettlementCheck out our CIO News Alerts and Tech Informer pages for more updated news coverage. Related content brandpost From edge to cloud: The critical role of hardware in AI applications The rise of generative artificial intelligence By Broadcom Jun 06, 2023 5 mins Machine Learning Artificial Intelligence brandpost The new value calculator: Levers for business optimization Squeezing maximum value out of your data is not only about cost-savings—it’s time to create significant potential by transforming your competitive position. By Sandrine Ghosh Jun 06, 2023 5 mins Data Management brandpost The new wave of data observability Innovative ‘applied observability’ can detect issues and diagnose their root causes swiftly and effectively. By Sandrine Ghosh Jun 06, 2023 4 mins Data Management brandpost Let Business Needs Guide Your Winning Data Team With skill shortages continuing, IT leaders must optimize their data science team investment. Start with your organization’s key objectives. By Paul Gillin Jun 06, 2023 3 mins Business Intelligence Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe