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Fund managers see water risk in semiconductor bets being mispriced

One of the world’s biggest climate funds, which is managed by Nordea AM, didn’t hold stakes in Taiwan Semiconductor Manufacturing at the end of July, finds Bloomberg. 
Making semiconductors is among the most water-intensive undertakings, using about 1,869 cubic meters per dollar, writes Bloomberg. | Photo: Pexels: Aleksandr Slobodianyk.
Making semiconductors is among the most water-intensive undertakings, using about 1,869 cubic meters per dollar, writes Bloomberg. | Photo: Pexels: Aleksandr Slobodianyk.
By Sheryl Tian Tong Lee and Ishika Mookerjee, Bloomberg

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

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