TSMC expects more growth

Stefan Mileschin · 14th January 2022, 08:22

Record quarterly profit

Taiwanese chip outfit TSMC expects robust growth to accelerate due to booming semiconductor demand.

The outfit reported a record quarterly profit and said it plans to spend at least a third more than last year.

Soaring demand for semiconductors used in smartphones, laptops, and other gadgets during the COVID-19 pandemic has led to an acute chip crunch, forcing automakers and electronics manufacturers to cut production but keeping order books full at TSMC and other chipmakers.

TSMC posted a 16.4 per cent rise in fourth-quarter profit.

The company said it expects to lift capital spending to between $40- $44 billion this year. Last year it spent $30 billion.

TSMC announced in 2021 a $100 billion expansion plan over the next few years, as new technologies such as fifth-generation (5G) telecommunications technology and artificial intelligence applications also drive chip demand. read more

Chief Executive C. C. Wei told an online earnings briefing that the company was reaching a period of higher structural growth.

However, Wei said that the capacity to remain tight this year and demand to be sustained in the long term.

https://fudzilla.com/news/54195-tsmc...ts-more-growth

14th January 2022, 08:22	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,462	TSMC expects more growth Record quarterly profit Taiwanese chip outfit TSMC expects robust growth to accelerate due to booming semiconductor demand. The outfit reported a record quarterly profit and said it plans to spend at least a third more than last year. Soaring demand for semiconductors used in smartphones, laptops, and other gadgets during the COVID-19 pandemic has led to an acute chip crunch, forcing automakers and electronics manufacturers to cut production but keeping order books full at TSMC and other chipmakers. TSMC posted a 16.4 per cent rise in fourth-quarter profit. The company said it expects to lift capital spending to between $40- $44 billion this year. Last year it spent $30 billion. TSMC announced in 2021 a $100 billion expansion plan over the next few years, as new technologies such as fifth-generation (5G) telecommunications technology and artificial intelligence applications also drive chip demand. read more Chief Executive C. C. Wei told an online earnings briefing that the company was reaching a period of higher structural growth. However, Wei said that the capacity to remain tight this year and demand to be sustained in the long term. https://fudzilla.com/news/54195-tsmc...ts-more-growth

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Samsung expects growth in first quarter profits	Stefan Mileschin	WebNews	0	8th April 2021 07:09
Intel expects 7nm in 2021	Stefan Mileschin	WebNews	0	10th May 2019 14:11
TSMC expects 10 per cent of sales to be 7nm	Stefan Mileschin	WebNews	0	19th October 2018 15:03
TSMC cuts growth forecast	Stefan Mileschin	WebNews	0	23rd April 2018 14:39
Acer expects significant growth in Chromebooks, gaming PCs this year	Stefan Mileschin	WebNews	0	23rd March 2017 16:21
Vodafone expects growth	Stefan Mileschin	WebNews	0	18th May 2016 07:23
HP, man+boy, expects Microsoft Windows 8 to do well	Stefan Mileschin	WebNews	0	20th December 2012 10:42
HP expects to take $8 billion hit over its purchase of EDS	Stefan Mileschin	WebNews	0	9th August 2012 07:11
Lite-On Expects Huge Growth in SSD Sales, in 2012	Stefan Mileschin	WebNews	0	3rd February 2012 06:38
PC Shipment Growth Falls, Mac Shipment Growth Increases	jmke	WebNews	1	18th April 2008 10:20