TSMC plans 2022 capex of $44bn

Author: EIS Release Date: Jan 21, 2022

TSMC has set a 2022 capex budget of $40-44 billion as it expects Q1 sales of $16.6 billion to $17.2 billion and growth for the year of 15-20%.

 

The capex target is at least $10 billion more than kast year from last year and  43% higher than Intel’s $25 billion to $28 billion.

 

The company had December sales of $6 billion – 16% y-o-y increase.

 

It targets gross margin of at least 53%.

 

The chip shortage has encouraged customers to pre-pay for supplies and TSMC took in $6.7 billion in pre-payments last year.

 

The company has $12 billion in cash.