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Taiwan Semiconductor surpasses quarterly estimates to boost 2021 outlook

Image Source: Taiwan Semiconductor

Taiwan Semiconductor Manufacturing (TSM), the world’s largest semiconductor manufacturer, will spend $ 25 to $ 28 billion this year to develop advanced technologies and increase the capacity of the entire plant.

According to Bloomberg, TSM will devote more than 80% of its capital budget to advanced processor technology. The company plans to begin construction of a $ 12 billion factory in Arizona this year, but it’s unclear how much of this year’s budget will be allocated to the project.

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The company released a capital budget outlook on Thursday, with a fourth-quarter financial report showing net income of NT $ 142.77 billion, or NT $ 5.51 per share (US $ 0.97 per share), up 23% year-on-year. Indicates that it has become. ADR). This brings TSM’s full-year profit to $ 17.6 billion, up 50% from 2019.

Fourth-quarter sales were $ 12.68 billion, up 22% year-on-year, and full-year sales were $ 45.51 billion.

TSM, which supplies Apple with iPhone and iPad chipsets, is in high demand, and while the COVID-19 pandemic continues, the use of electronics by people who go to work or school in remote areas is increasing.

Wendell Huang, Vice President and Chief Financial Officer of TSM, said in a statement accompanying the financial report: “Fourth quarter business is 5G smartphone launch and HPC-related [high performance computing] application. “

“In the first quarter of 2021, we expect HPC-related demand, the recovery of the automotive segment, and the milder seasonality of smartphones to support our business,” he said. Stated.

TSM expects revenue in the range of $ 12.7 billion to $ 13 billion in the first quarter of 2021.

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Source: Stock News

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