Fed by iPhone 12 cash, TSMC pouring $28B into tech & Arizona plant in 2021

Fed by iPhone 12 cash, TSMC pouring $28B into tech & Arizona plant in 2021

Immediately after a blockbuster quarter pushed by the iPhone 12, Apple supplier TSMC states it will shell out as substantially as $28 billion in funds investing in 2021, with a great deal of that volume allocated to growing its technological lead.

The company’s capital paying target is a large raise from the earlier year’s $17.2 billion focus on. About 80% of the paying in 2021 will be devoted towards superior chip systems these types of as 3nm production processes. Some of its cash paying out will also be allocated toward setting up a plant in Arizona to enable provide its U.S. purchasers.

In accordance to DigiTimes, TSMC also expects to put up record-setting revenues in between $12.7 billion and $13 billion in the to start with quarter of 2021.

In the fourth quarter of 2020, TSMC noted income of $12.68 billion, symbolizing a 22% maximize calendar year-around-12 months.

Through the holiday break quarter, the chip company stated it saw smartphone shipments represent all around 51% of its full wafer revenue. It characteristics its powerful 5nm chip…

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