The Taiwan Semiconductor Manufacturing Company (TSMC) can increase its capital expenditure to $37 billion in 2025 according to a fresh report from investment bank UBS quoted in the Taiwanese press. UBS adds that TSMC’s spending for 2024 could sit at the high end of its guidance, i.e. $32 billion, as the firm takes an aggressive approach to deploy 2-nanometer chip technologies ahead of schedule. UBS believes that TSMC is seeing strong demand from Apple for the next generation iPhone and its 3-nanometer products, which can allow it to post a 13% annual revenue growth in this year’s third quarter. TSMC […]
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