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Reading: TSMC Trims Capital Spending Forecast Amid Chip Headwinds
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The Wall Street Publication > Blog > Tech > TSMC Trims Capital Spending Forecast Amid Chip Headwinds
Tech

TSMC Trims Capital Spending Forecast Amid Chip Headwinds

Editorial Board Published October 13, 2022
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TSMC Trims Capital Spending Forecast Amid Chip Headwinds
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TOKYO—Taiwan Semiconductor Manufacturing Co. cut its capital expenditure forecast by about 10% this year, despite reporting a record quarterly profit surge, responding to headwinds including slowing global chip demand and rising costs.

The world’s largest contract chip maker on Thursday posted an 80% increase in net income for the July-to-September quarter, mainly due to strong sales of its cutting-edge chips used in smartphones and other devices.

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