TSMC estimated its capital spending in the current quarter would more than double to around $11.5-billion and that the budget was likely to increase further next year
TSMC , the world’s largest contract chip maker, bet on sustaining its strong growth, after reporting on Thursday a forecast-beating 54 per cent jump in quarterly profit driven by soaring demand for chips used in artificial intelligence .
TSMC said revenue from AI processors is set to account for mid-teens percentage of its overall revenue this year. U.S.-listed TSMC shares gained more than 8 per cent, with the company’s market capitalization set to cross $1-trillion if premarket gains hold. TSMC is spending tens of billions of dollars building new factories overseas, including $65-billion on three plants in the U.S. state of Arizona, though it has said most manufacturing will remain in Taiwan.
Cent Company Tsmc Quarter Revenue Demand Fab Taiwan AMD TSMC Micron Technology
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