ESG & Investing
Fund Managers See Water Risk in Semiconductor Bets Being Mispriced
- Water risk is leading investors to adjust company valuations
- Analysts say TSMC’s water use has production implications
An almost depleted Lake Powell in Utah.
Photographer: Justin Sullivan/Getty ImagesThis article is for subscribers only.
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.