TXN - TSMC may announce record high capex of $20B in 2021

Taiwan Semiconductor Manufacturing (TSM) to disclose its 2021 capex plan at its upcoming investors meeting on Jan.14, reports Central News Agency.Investor conference is scheduled to detail Q4 earnings and provide Q1 guidance.Quick look at TSMC Capex in past 8 years:It is likely to budget more than $20B in capex this year beating the record-high target of $17B set in 2020.The report further quotes that the company will utilize its capex this year for the expansion of its 5nm process capacity, installation of more-advanced 3nm process capacity (scheduled to commence mass production in 2022), and 2nm process R&D.Industry analysts believe that driving the capex is the Extreme Ultraviolet ((EUV)) machine cost of $123M+ which it plans to apply the development of the 5nm and 3nm processes.Arizona plant investment scheduled to start later 2021 is also likely to drove capex higher.Related Chipmakers: Advanced Micro Devices (AMD), Nvidia (NVDA), Intel (INTC), Qualcomm (QCOM), Texas Instruments (TXN).TrendForce

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TSMC may announce record high capex of $20B in 2021