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semiconductors asia

TSMC to Boost Capex Spending to as Much as $44 Billion to Meet Strong Demand

By
Shai Oster
· · Source: The Information

Taiwan Semiconductor Manufacturing Co., said it will boost capital expenditure by at least a third to between $40 billion to $44 billion to meet soaring demand for chips in everything from smartphones to automobiles. The world’s largest chipmaker said quarterly profit rose 16.4% as revenue rose 24% to nearly $16 billion. TSMC is entering “a period of higher structural growth”,  the...

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