BREAKINGVIEWS-AI bull case gets its biggest booster
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TSMC CEO CC Wei announced a significant increase in capital expenditure by up to 37% to $56 billion, driven by confirmed semiconductor demand from major clients like Google. The company reported a 20.5% revenue increase to T$1.1 trillion for Q4 2022, with earnings rising 35%. Additionally, a new U.S.-Taiwan trade deal will lower tariffs on Taiwanese exports and incentivize local chipmakers to invest $250 billion in U.S. semiconductor production, with Taiwan providing an additional $250 billion in credit for further investments.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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