Chip manufacturer TSMC sees continued strong demand | TechBuzz

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The chip contract manufacturer TSMC, which counts companies such as Apple among its customers, is anticipating continued strong growth despite economic uncertainties. In the coming year, investments are also expected to exceed 40 billion US dollars.

Despite economic uncertainties, TSMC, the world’s largest contract manufacturer of chips, is assuming continued strong growth and intends to invest a great deal of money in new systems. Sales are expected to increase by around 30 percent this year, as Chairman of the Board of Directors Mark Liu said at the Taiwan group’s annual general meeting. Previously, managers at TSMC (Taiwan Semiconductor Manufacturing Company) had forecast growth in the mid to high twenties – calculated in US dollars. Last year, revenues on this basis had already increased by a quarter. Billing in dollars is common in the chip industry.

In the coming year, the group’s investments would definitely exceed 40 billion US dollars, Liu said. TSMC and rivals such as Samsung, Globalfoundries or the US chip company Intel are currently investing a lot of money in building up additional production capacities. Because there is currently a shortage of certain chips in various sectors worldwide – in Germany the automotive groups Volkswagen, Mercedes, BMW and Daimler Truck are particularly affected.

In Magdeburg, for example, Intel is planning billions in investments in chip manufacturing factories, funded with public funds. According to Liu, TSMC currently has no concrete plans to build plants in Europe.

Fears of falling demand are not confirmed

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Against the background of the Russian war of aggression against Ukraine, sharply rising inflation in important regions of the world and lockdown restrictions in China, fears of falling demand for technical equipment had recently increased. “The current inflation has no direct impact on the semiconductor industry because the demand downturn mainly extends to consumer devices such as smartphones and PCs, while the demand for electric cars is very strong and partly exceeds our capacities,” Liu said. TSMC is therefore also making adjustments in this area. The group is busy for the whole year.

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TSMC manufactures semiconductors for major customers such as the electronics giant Apple or the chip companies Nvidia and AMD. Industry suppliers such as ASML from the Netherlands and Aixtron from Germany will benefit from the expansion of the systems at the chip manufacturers.

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