After a successful quarter led by the iPhone 12, Apple vendor TSMC says it will spend up to $ 28 billion on capital expenditures in 2021, with much of that amount earmarked for expanding its technology lead.
The company’s capital spending goal is a huge increase from the previous year’s $ 17.2 billion goal. About 80% of spending in 2021 will be dedicated to advanced chip technologies such as 3nm manufacturing processes. Part of its capital expenditure will also go towards building a facility in Arizona to help supply its US customers.
According to DigiTimes, TSMC also expects to record record revenue of between $ 12.7 billion and $ 13 billion in the first quarter of 2021.
In the fourth quarter of 2020, TSMC posted revenue of $ 12.68 billion, which represents a 22% year-over-year increase.
During the holiday quarter, the chip maker said it saw smartphone shipments account for about 51% of total wafer revenue. Attributes its powerful 5nm chip …
- According to this source Powered by iPhone 12 in cash, TSMC poured $ 28 billion into the tech plant and Arizona in 2021
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