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TSMC unleashes US$44 billion spending plan to sustain post-pandemic boom

Bloomberg1/13/2022 4:24 PM GMT+08  • 3 min read
TSMC unleashes US$44 billion spending plan to sustain post-pandemic boom
Apple Inc.’s most important chipmaker has doubled its sales growth 15% to 20% annually
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Taiwan Semiconductor Manufacturing Co. raised its revenue growth projections and unveiled plans to spend as much as US$44 billion expanding in 2022, signalling confidence that voracious demand for iPhones and chips will persist for years.

Apple Inc.’s most important chipmaker is now projecting average sales growth of 15% to 20% annually -- as much as double its previous expectation. It foresees sales of US$16.6 billion to US$17.2 billion in the first quarter alone, at least 5% ahead of projections.

Those numbers affirm TSMC’s pole position in the market during an unprecedented chip shortage triggered by the pandemic, a deficit that’s walloped the production of cars, mobile phones and game consoles. Asia’s most valuable corporation intends to continue spending heavily to maintain its technological lead over Intel Corp. to Samsung Electronics Co., safeguarding its market share as the growing number of connected devices like cars drive datacenters and high-end computing.

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