TSMC boosts 2019 capex to $12.5 billion on strong demand

Posted on Tuesday, Sep 10 2019 @ 10:40 CEST by Thomas De Maesschalck
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Industry sources told DigiTimes that TSMC's capital expenditures (capex) is likely to exceed the company's previous guidance range of $10 billion to $11 billion.

The Taiwanese foundry is seeing strong demand for its 7nm node and is stepping up its 5nm efforts, which is seen resulting in total capex of $12.5 billion for 2019. In particular, 5G is seen as a strong growth driver:
TSMC expects it 2019 capex to exceed the high end of its previous guidance range of US$10 billion to US$11 billion, as the pure-play foundry steps up efforts to expand its 7nm process capacity and develop a newer 5nm node ready for new customer designs in 2020. Industry sources say TSMC's capex for the year is likely to reach US$12.5 billion, judging from the need to satisfy robust chip demand in the 5G era.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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