Ultimate magazine theme for WordPress.

TSMC to invest record $44 bn on chip capacity expansion in 2022 – Taipei News

In its newest earnings launch, the Taiwanese agency mentioned it expects capital spending to be between $40 and $44 billion in 2022, up from a earlier record of $30 billion in 2021.

According to a report in Nikkei Asia, the announcement places “the chipmaker on track to meet its plan of investing $100 billion over the three years till 2023”.

“Entering 2022, we expect the supply chain to maintain a higher level of inventory compared to the historical standard or level, given the industry’s continued need to ensure supply security,” mentioned TSMC CEO C.C. Wei.

He additionally elevated the forecast for the corporate’s compound annual progress fee for “the next several years” to between 15 per cent and 20 per cent in US greenback phrases.

For the October-December interval, TSMC’s internet revenue reached a record NT$166.23 billion, up 16.4 per cent from a yr in the past.

The income jumped 21.2 per cent to a record NT$438.19 billion.

In the fourth quarter, shipments of 5-nanometer accounted for 23 per cent of complete wafer income and seven-nanometer accounted for 27 per cent.

“Our fourth quarter business was supported by strong demand for our industry-leading 5-nanometer technology,” mentioned Wendell Huang, VP and Chief Financial Officer of TSMC.

Based on the Company’s present enterprise outlook, administration expects income for the primary quarter of 2022 to be between $16.6 billion and $17.2 billion.

Disclaimer: This story is auto-aggregated by a pc program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

Comments are closed.