The world's biggest contract chip maker, Taiwan Semiconductor Manufacturing Co., offered some indications Thursday that the chip industry's rough year may be coming to an end.
However, in a conference call with investors on Thursday, TSMC Chief Executive C.C. Wei said he believed the industry was close to the bottom. TSMC said high-performance computing is expected to be one of the strongest growth drivers in the coming years. It also cited robust demand from artificial-intelligence applications and said cutting-edge chip manufacturing technology, such as the 3-nanometer nodes used in Apple's latest iPhone models, continues to drive sales.
TSMC said its capital expenditures this year would come in at $32 billion, in line with its previous forecast, compared with last year's record $36.3 billion. About 70% of that will go to building up capacity for the most advanced semiconductors, the company said.
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