Taiwan's TSMC reports record quarterly profit, will boost chip spending in 2022

1/14/2022 8:41:00 AM

Taiwanese chip firm TSMC expects strong growth to accelerate in coming years due to booming semiconductor demand, as the tech giant reported a record quarterly profit and said it plans to spend at least a third more than last year.

Tech, Taiwan's Tsmc Reports Record Quarterly Profit

Taiwanese chip firm TSMC expects strong growth to accelerate in coming years due to booming semiconductor demand, as the tech giant reported a record quarterly profit and said it plans to spend at least a third more than last year.

Taiwanese chip firm TSMC expects strong growth to accelerate in coming years due to booming semiconductor demand, as the tech giant on Thursday reported a record quarterly profit and said it plans to spend at least a third more than last year.

Read more: CNN International »

NASA’s Fermi Confirms Star Wreck as Source of Extreme Cosmic Particles

NASA’s Fermi Gamma-ray Space Telescope confirms one supernova remnant as a launch site for some of our galaxy’s highest-energy protons. Read more >>

Taiwan Semiconductor Manufacturing Co. 4Q Net TWD166.2B |2330.TWBy Kosaku Narioka Taiwan Semiconductor Manufacturing Co.'s fourth-quarter net profit rose 16% from a year earlier, driven by strong demand for chips used in... Finally after 1 year of neglect by investors

China tries to tone down war talk as military tells Taiwan to 'surrender'A propaganda video that included commentary in Chinese dialects widely spoken across Taiwan was viewed as a pointed warning to the island's population. For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to her Diana_Massangi Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success

Taiwan suspends F-16 fleet combat training after jet crashes into seaTaiwan's air force on Tuesday suspended combat training for its F-16 fleet after a recently upgraded model of the fighter jet crashed into the sea in the latest of a series of accidents. And they want to take on China 😂😂😂😂🤟🖖 Made in the US rubbish. President Tsai: Where can I buy more master 👅

Taiwan Semiconductor Manufacturing Co. 4Q Net TWD166.2B |2330.TWBy Kosaku Narioka Taiwan Semiconductor Manufacturing Co.'s fourth-quarter net profit rose 16% from a year earlier, driven by strong demand for chips used in... Finally after 1 year of neglect by investors

Delta Expects Omicron Will Drive Quarterly Loss But Forecasts 2022 Profit on Travel ReboundDelta expects travel to recover this spring after cases of the omicron variant peak.

Soaring demand for semiconductors used in smartphones, laptops and other gadgets during the Covid-19 pandemic has led to an acute chip crunch, forcing automakers and electronics manufacturers to cut production but keeping order books full at TSMC and other chipmakers.By Kosaku Narioka Taiwan Semiconductor Manufacturing Co.rule.Taipei The island's Defense Ministry said the F-16V, the most advanced type in Taiwan's fleet, went missing from radar screens after taking off from the Chiayi Air Base in southern Taiwan for a training mission over a coastal firing range.

Taiwan Semiconductor Manufacturing Co., a major Apple (AAPL) supplier that also has customers such as Qualcomm (QCOM), posted a 16. The world's largest contract chip maker said Thursday that net profit for the quarter ended Dec.4% rise in fourth-quarter profit. Discussing political attitudes to international relations among Chinese students born after 2000, Yan said they display"a strong sense of superiority and self-confidence" while holding"condescending" views of other countries.The company said it expects to lift capital spending to between $40 billion and $44 billion this year.23 billion New Taiwan dollars (US$6. Last year it spent $30 billion.Read MoreCombat training for the F-16 fleet has now been suspended, he added.

Taiwan's TSMC is pouring $100 billion into chipmaking to prevent another shortageTSMC announced in 2021 a $100 billion expansion plan over the next few years, as new technologies such as fifth-generation (5G) telecommunications technology and artificial intelligence applications also drive chip demand.77 billion a year earlier. Universal values such as peace, morality, fairness and justice, he said, are seen as uniquely Chinese.Read MoreThe company is entering"a period of higher structural growth", Chief Executive C. C.12 billion from a poll of analysts by S&P Global Market Intelligence. Wei told an online earnings briefing. Among his suggestions for teaching international relations to younger students was the introduction of more current events to help them"understand current objective truths and avoid blind self-confidence.TSMC, Asia's most valuable listed firm and globally the largest contract chipmaker, expects capacity to remain tight this year and demand to be sustained in the long term, Wei said.19 billion..

"With fully-loaded foundry capacity, TSMC's near-term order outlook remains healthy," analysts at Taipei-based Fubon Research wrote in a note in early January.With what it calls a"multi-year industry megatrend" of strong chip demand boosted by new technologies, TSMC raised its compound annual growth rate targets for revenue over the next several years to 15% to 20% from 10% to 15%. The company's revenue from smartphones rose 7% from the previous quarter, while revenue from high-performance computing increased 3%. STR/AFP via Getty Images.Wei shrugged off market concerns about chip oversupply in the coming years and said a substantial increase of"silicon content" in tech gadgets such as electric cars would help TSMC weather market corrections."Even if a correction were to occur, we believe it could be less volatile for TSMC due to our technology leadership position and the structural megatrend," Wei said. The company's operating profit margin deteriorated by 1.The company set a long-term target of"53% and higher" for its gross margins, up from a previous target of"50% and higher".

TSMC forecast first-quarter revenue to be in the range of $16.7%.6 billion to $17.2 billion, compared with $12.04 billion in capital expenditures in 2021.92 billion in the same period a year earlier. For the year, it expects to grow in the mid -to-high 20% range in US dollar terms. Write to Kosaku Narioka at kosaku.

In the October-December quarter, revenue climbed 24.1% to $15.com.74 billion. Net profit rose to 166.2 billion Taiwanese dollars ($6.

01 billion) from $142.8 billion Taiwanese dollars a year earlier.That was higher than the $161.6 billion Taiwanese dollar average of 22 analyst estimates compiled by Refinitiv.TSMC shares have gained about 7% so far this year, giving it a market value of $618 billion.

The stock closed 0.15% higher on Thursday before the financial results were released, slightly underperforming the broader market, which finished up 0.33%. .