TSMC Forecasts Strong Growth, Boosting Global Tech Recovery
TL;DR Summary
Taiwan Semiconductor Manufacturing Co. (TSMC) anticipates a return to solid growth in 2024, with plans to increase capital spending and expecting revenue growth of at least 20%. The company is moving ahead with chipmaking plants in Japan, Arizona, and Germany, and is confident in its role in fueling the AI development boom. TSMC's outlook reflects hopes for a global tech recovery, despite uncertainties in the consumer electronics industry and challenges in the Chinese market.
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