TSMC earmarks report $44 billion for chip manufacturing growth in 2022


The TSMC (Taiwan Semiconductor Manufacturing Company) logo...
Photograph by Walid Berrazeg/SOPA Pictures/LightRocket by way of Getty Pictures

Chip producer Taiwan Semiconductor Manufacturing Firm (TSMC), which provides silicon for Apple, Qualcomm, and different tech giants, plans to spend as a lot as $44 billion to extend its manufacturing capability in 2022, Reuters stories. In its newest earnings launch, the Taiwanese agency stated it expects capital spending to be between $40 and $44 billion in 2022, up from a earlier report of $30 billion in 2021.

It’s not a wholly surprising enhance, given the corporate’s beforehand introduced plan to spend $100 billion on increasing its manufacturing capability via 2023. However the report sum suggests it doesn’t anticipate demand for chips to decelerate anytime quickly, regardless of some analyst warnings of potentials slowdowns in areas like…

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