TSMC to spend up to $ 28 billion to deepen technology as founders of Intel

TSMC to spend up to $ 28 billion to deepen technology as founders of Intel

Taiwan Semiconductor Manufacturing Co. plans to spend up to $ 28 billion this year to expand its technological lead and build a plant in Arizona to serve major US customers.

Capital spending for 2021 is targeted between $ 25 billion and $ 28 billion, up from $ 17.2 billion the previous year, CFO Wendell Huang said on a conference call. About 80% of the spend will be on advanced processor technologies – namely 3nm, 5nm, and 7nm – suggesting that TSMC anticipates an increase in advanced chip manufacturing activities. Intel Corp., which announced a new CEO on Wednesday, is reportedly considering departing from tradition and outsourcing manufacturing to TSMC.

The Asian giant expects revenue of $ 12.7 billion to $ 13 billion this quarter, propelling teen sales growth this year.

The size of the budget envisaged by TSMC – more than half of its expected revenues for the year – underlines…

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