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Thursday, January 13, 2022

==Taiwan Semi (TSM) reported earnings on Thur 13 Jan 22 (b/o)

  • Taiwan Semi makes chips for fabless semiconductor firms such as Apple (AAPL), AMD (AMD), Nvidia (NVDA) and Qualcomm (QCOM). 
  • Taiwan Semi plans to spend $40 billion to $44 billion in 2022 to expand and upgrade its production capacity amid a global chip shortage. In 2021, it spent $30.04 billion on capital expenditures.

Taiwan Semiconductor Manufacturing Thursday reported a 16.4% jump in net profit for the last quarter of 2021, on a sales jump of 21.2% from the same quarter of 2020.

Revenue at the world’s largest contract chip maker (ticker: TSM), and a major supplier of Apple (AAPL) or Qualcomm (QCOM), was boosted by enormous demand for the company’s chips, on the back of increased use of smartphones, home computers, and other technological gadgets during the Covid-19 pandemic.

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