TSMC $TSM projecting capital expenses of 25-28B USD in 2021. 80% allocated for advanced process tech, 3, 5, 7nm. 10% advanced packaging and mask making, 10% other. 2020 capex, originally slated at $15B, was over $17B. For context $AMD's entire revenue for 2020 estimated at $9.5B
All this, especially the capex, in line with suggestions Intel will be increasing their use of TSMC fabs, or else AMD making really large increases (or both), but they also project a lot of growth in phones

I expect some inflation for autos and appliances as production is limited by the silicon shortage. Not like these fabs want to build more capacity at these nodes.
They still plan on continuing to expand in China, but a reset on the leading edge.
TSMC 4Q earnings remained strong on \u201cextremely high\u201d UTR and some shipments will land 1Q. 1Q21 guided +1% QoQ midpoint, 2021 growing mid-teens USD. Capex up huge $17.2bn to 25-28bn in \u201921, and now expect LT growth of 10-15% CAGR in \u201820-25 vs before 5-10% CAGR....
— cyw60 (@cyw60) January 14, 2021
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