(Bloomberg) — 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. Most Read from Bloomberg 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. But… Source link
Read More »TSMC Forecasts Bullish End to 2021 on Strong Chip Demand
(Bloomberg) — Taiwan Semiconductor Manufacturing Co. forecast fourth-quarter sales and margins that exceeded some analysts’ estimates, as demand for chips stayed robust in the face of worsening snarls in the supply chain. Most Read from Bloomberg The world’s No. 1 foundry said Thursday it expects revenue of as much as $15.7 billion in the three months ended December, helping full-year sales grow by about 24% in dollar terms. Gross margin may be as high as 53%, with executives reiterating… Source link
Read More »Intel Is Now Ordering Chips From TSMC Following Delays
Intel Corp. (INTC) is ordering its 6-nanometer (nm) chips to be manufactured by TSMC (TSM) for next year, according to a report from the Taiwan-based newspaper Commercial Times. The news is considered unprecedented for Intel, a prominent chip manufacturer, now using a third-party manufacturer to create its own product. On July 23, Intel announced that it would see significant delays until 2022 for its latest cutting-edge 7-nm chip. Intel CEO Bob Swan said on a Q2 earnings call that the… Source link
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