MAKING MONEY WORK: The chipmaker said it plans to spend up to US$16 billion on advancing its processes to meet growing customer demand for 5G technology

Taipei Times
Date: Jan 17, 2020
By: Lisa Wang  /  Staff reporter

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), which supplies chips for Apple Inc’s iPhones, yesterday posted a record-high net profit for last quarter, driven by strong demand for chips made using advanced technologies for 5G-related and high-performance computing applications.

During the final quarter of last year, TSMC’s net profit jumped 16.1 percent to NT$116.04 billion (US$3.87 billion), compared with NT$99.98 billion in the same period the previous year. That represented a quarterly increase of 14.8 percent from NT$101.07 billion.

As growth momentum is expected to extend into the next few years, the chipmaker this year plans to budget for capital expenditure of between US$15 billion and US$16 billion, mainly on 7-nanometer (nm), 5nm and 3nm technologies.

That surpasses TSMC’s capital spending of US$14.9 billion last year.    [FULL  STORY]