TSMC reports record profits, will spend $44 billion on upgrading capacity in 2022


The unprecedented demand for components means that chip manufacturers have their orders full and are struggling to meet demand. As a result, TSMC’s revenue was up 24.1% to $15.74 billion in Q4 2021, while net profit jumped to T$166.2 billion ($6.01 billion) from T$142.8 billion a year earlier, beating analysts’ expectations.

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