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TSMC plans to invest up to $64 billion in new plants and equipment this year

The Motley Fool +1 ·

  1. 1TSMC plans to spend between $60 billion and $64 billion on new plant and equipment investment this year.
  2. 2TSMC revenue reached $46.7 billion in the third quarter, a 41% increase compared to last year.
  3. 3CEO C.C. Wei said the gap between supply and demand remains significantly large.

So what's the key point?

TSMC has decided to spend up to $64 billion this year to build factories and prepare equipment. Revenue also grew significantly because demand is high while supply remains low.

Source The Motley Fool +1 · View original ↗

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