ON THE RIGHT TRACK: The world’s largest contract chipmaker said it should have no problem filling up the vacuum left by Huawei Technologies, its second-largest client

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

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday raised its planned capital expenditure for this year to top US$17 billion, from an original budget of US$15 billion to US$16 billion, as 5G infrastructure deployment and high-computing-performance applications (HPC) drive demand for advanced technologies.

The world’s biggest contract chipmaker also revised up its revenue growth forecast for this year to 20 percent, outpacing the foundry industry’s forecast growth of mid-to-high-teens percent and the overall semiconductor industry’s expected “slight” growth.

In April, TSMC forecast that its revenue would grow by 15 to 19 percent this year.

Due to the US’ restrictions on exports containing US technologies to China’s Huawei Technologies Co (華為), TSMC said it has since May 15 stopped taking new orders from its second-biggest customer after Apple Inc.    [FULL  STORY]