capital spending

TSMC logs record quarterly profit, sees hefty revenue growth in early 2025

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TSMC logs record quarterly profit, sees hefty revenue growth in early 2025

The world’s largest contract chipmaker, whose customers include Apple and Nvidia, posted a 57 per cent jump in net income to T$374.68 billion (US$11.4 billion) for the quarter ended December 31, a record high for any quarter and in line with estimates. Revenue for the quarter climbed 39 per cent from the same period a … Read more

Apple chip supplier TSMC expects a return to ‘healthy growth’, backing hopes for global tech recovery in 2024

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Apple chip supplier TSMC expects a return to ‘healthy growth’, backing hopes for global tech recovery in 2024

Taiwan Semiconductor Manufacturing Co (TSMC) expects a return to solid growth this quarter and gave itself room to raise capital spending this year, suggesting the world’s most valuable chip maker anticipates a recovery in smartphone and computing demand. The main semiconductor supplier to Apple and Nvidia Corp projected revenue growth of at least 8 per … Read more