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Stock impact report

Taiwan's TSMC reports record quarterly profit, will boost chip spending in 2022 [CNN]

Taiwan Semiconductor Manufacturing Company Ltd. (TSM) 
Last taiwan semiconductor manufacturing company ltd. earnings: 4/17 04:00 pm Check Earnings Report
Company Research Source: CNN
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. Taiwan Semiconductor Manufacturing Co., a major Apple supplier that also has customers such as Qualcomm , posted a 16.4% rise in fourth-quarter profit. The company said it expects to lift capital spending to between $40 billion and $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. The company is entering "a period of higher structural growth", Chief Executive C. C. Wei told an online earnings briefing. TSMC, Asia's most valuable listed firm and globally the largest contract chipmake Show less Read more
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