TSMC

Taiwan Semiconductor Manufacturing Co. raised its 2022 revenue forecast while warning it will trim spending on expansion by as much as 9% from initial ...

But TSMC should still enjoy “a growth year,” the executive said. Taiwan Semiconductor Manufacturing Co. raised its 2022 revenue forecast while warning it will trim spending on expansion by as much as 9% from initial projections, reflecting uncertainty about electronics demand in the face of a potential global recession. Chief Executive Officer C. C. Wei warned on Thursday it was too early to go into specifics about spending plans or the outlook for semiconductor demand in 2023 should customers delay purchases.

Taipei, July 14 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, raised its sale growth forecast for 2022 to 35 ...

Wei emphasized TSMC will expand its capex for specialty process development to meet clients' needs. Also at the investor conference, TSMC's Chief Financial Officer Wendell Huang (黃仁昭) said the chipmaker was expected to generate US$19.8 billion to US$20.6 billion in consolidated sales in the third quarter, and the median figure of US$20.2 billion would rise about 11 percent from a quarter earlier. Inventory adjustments were expected to have a limited impact on TSMC's sales growth, he said. Wei said TSMC was expected to benefit from its efforts in developing the advanced 3-nanometer process, which is scheduled to begin mass production in the second half of this year and expected to start contributing to the company's sales in the first half of next year. Before the investor conference began, TSMC released its second-quarter results in which the chipmaker said it posted a record NT$237.03 billion in net profit for the April-June period, up 16.9 percent from a quarter earlier and also up 76.4 percent from a year earlier. In an investor conference, TSMC CEO C.C. Wei (魏哲家) said demand for consumer electronics gadgets such as PCs and smartphones had showed signs of weakening, prompting some of its clients to adjust inventories, but demand for high-end chips used in applications such as high-performance computing (HPC) device, data centers, and automotive electronics remained solid.

Despite strong Q2 results, TSMC CEO CC Wei said that some of the company's capital expenditure would be "pushed out into 2023."

However, TSMC CEO CC Wei said that some of the company's capital expenditure would be "pushed out into 2023." TSMC makes chips for other companies and has some of the most advanced manufacturing processes in the world. That was a record quarter in terms of net income for TSMC. That beat the 524.02 billion Taiwan dollar average from analyst estimates compiled by Refinitiv. He said that TSMC's guidance suggested that it will "continue to grow even in a scenario of the overall chip market being down" year-on-year. - However, TSMC CEO CC Wei said that some of the company's capital expenditure would be "pushed out into 2023."

Shares in Taiwanese chip firm TSMC , rose more than 1% on Friday morning, the day after announcing a forecast-beating second quarter profit and saying it ...

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Taiwan Semiconductor Manufacturing Company has raised its revenue outlook despite warning of a cyclical downturn in the chip industry and pressures from ...

TSMC posts strong earnings but sees chip inventory building in some customer segments, which could mean a down cycle in the first half of 2023.

The Taiwanese chipmaker is betting on long-term trends to ward off short-term economic challenges.

Having a product that everyone will need over the next decade is a great way to ward off the immediate challenges faced by inflation and recessions. But TSMC has the confidence to proceed with a record $40 billion spending plan this year, a move that will help it remain ahead of rivals like Samsung Electronics Co. and Intel Corp. If a recession occurs, and drags on, corporate customers who buy servers by the truckload will need to reassess their spending plans. These all require beefier chips, and TSMC is one of the few companies that can supply them. That will force TSMC to take late delivery on some machinery, trimming this year’s spending to the lower end of its previous $40 billion to $44 billion capex budget. While smartphone models come and go in annual cycles (or faster), companies which need high-performance computing are purchasing servers and semiconductors that they expect to deploy for many years.

TAIPEI :TSMC shares rose over 3 per cent on Friday outperforming the broader market, after the Taiwanese chipmaker announced forecast-beating second-quarter ...

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The outlook from the world's largest contract-chipmaker follows blow-out results for the April-June period that underscored resilient demand amid a ch..

It raised its 2022 revenue growth forecast to mid-30s percentage from an earlier 26% to 29% range. "Despite ongoing inventory adjustment and macro uncertainties, the structural growth trajectory in the long-term semiconductor demand remains firm. The outlook from the world's largest contract-chipmaker follows blow-out results for the April-June period that underscored resilient demand amid a chip crunch caused by pandemic-fuelled sales of smartphones and laptops. The outlook from the world's largest contract-chipmaker follows blow-out results for the April-June period that underscored resilient demand amid a chip crunch caused by pandemic-fuelled sales of smartphones and laptops. TSMC said it expected third-quarter revenue to surge to between $19.8 billion and $20.6 billion from $14.88 billion a year earlier. TAIPEI: Taiwan's TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was "highly confident" about its long-term prospects and touted demand for high-tech chips used in data centres and electric vehicles.

TSMC expects to see customers adjust inventory likely through the first half of 2023, which, nevertheless, will still be another growth year for the ...