Tech

TSMC spends record $ 28 billion on advanced chips and capacity

Apple Inc. Taiwan Semiconductor Manufacturing Co., a leading chip supplier in Taiwan, will take advantage of the surge in semiconductor demand that has led to global supply shortages to invest more in advanced chip development and plant capacity building.

The world’s largest contract chip maker will raise capital spending from $ 25 billion to $ 28 billion in 2021, with executives announcing at least a 47% year-on-year increase in earnings announcements Thursday.

Brett Simpson, a partner at London-based technology research firm Arete Research, said: “This is a signal of what they think of the economic recovery and their confidence in long-term growth.”

TSMC also reported record quarterly earnings and net income on Thursday. This is underpinned by the high demand from 5G phones and the growing use of electronics needed for remote work during the Covid-19 pandemic.

Net income increased to NT $ 142.77 billion, equivalent to NT $ 5.1 billion, up 23% year-on-year, and analysts surveyed by S & P Global Market Intelligence reported net income of NT $ 136.69 billion. It exceeded my expectations.

TSMC spends record $ 28 billion on advanced chips and capacity

Source link TSMC spends record $ 28 billion on advanced chips and capacity

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