Taiwan Semiconductor Manufacturing Corp. (TSMC) has allocated $30 billion for its capital spend this year, as it reported a double-digit climb in its first-quarter bottom line.

  • TSMC expects the 2021 capital expenditure to be around $30 billion.
  • Net income rose 19.4% to NT$139.69 billion; revenue increased 16.7% to NT$362.41 billion, and diluted earnings per share climbed 19.4% to NT$5.39.
  • Advanced technology shipments accounted for 49% of total wafer revenue for the quarter, 7-nanometer with 35%, and 5-nanometer with 14%.
  • Vice President and Chief Financial Officer Wendell Huang said first-quarter business was supported by demand related to high performance computing. This was balanced by a milder smartphone seasonality than in recent years.
  • Huang believes second quarter revenues will be flattish as HPC-related demand will continue to grow but offset by smartphone seasonality.
  • For the second quarter, revenue is expected to grow between $12.9 billion and $13.2 billion; gross profit margin between 49.5% and 51.5%; and operating profit margin between 38.5% and 40.5%.