The Taiwan Semiconductor Manufacturing Co. (TSMC) board of directors met and approved a capital budget of US$5.71 billion Tuesday, with the vast majority to be spent on production involving special and advanced manufacturing processes.
According to a statement released by TSMC, the budget will be used to boost production using advanced and special manufacturing processes, build factories and equipment, pay for R&D capital, current expenditure and capital lease assets for 2023.
Advanced manufacturing processes will receive about 70 percent to 80 percent of the funding, while 10 percent to 20 percent is to be spent on special processes, with the remaining 10 percent earmarked for advanced sealing and mask production, the chipmaker said.
TSMC cut its capital expenditures for 2022 to about US$36 billion in October after adjusting spending on 6-nanometer and 7nm processes as a result of sluggish demand for smartphones and PCs, curtailing 6nm and 7nm capacity utilization.

Source: Focus Taiwan News Channel