TSMC Unfazed by Intel’s Plans to Build Big Foundry Business, Says CEO
The $100 billion in capital expenditures that Taiwan Semiconductor Manufacturing Co. plans to make over the next three years to expand capacity to help relieve the global chips shortage (see 2104150034) will include $30 billion in spending for 2021 --…
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74% more than in 2018, 2019 and 2020 combined, said a Form 20-F annual report for 2020 filed Friday with the SEC. TSMC CEO C.C. Wei, after announcing the $100 billion investment on Thursday's Q1 earnings call, also said he isn't worried about TSMC customer Intel’s recently announced plans to jump into the competitive foundry business in a big way.