TSMC’s Board of Directors approved the capital budget, which includes an R&D capital budget and recurring capital budget for Q3. At the same time, the Board of Directors also approved an NT$3.521 billion budget in capitalized leased assets of funding for the second half of the year.

TSMC anticipates an annual capital expenditure of between approximately US$10 billion and US$11 billion this year with 80% of the funds being used for 3nm, 5nm, and 7nm advanced process technologies. TSMC expects that 7nm and 2nd-generation 7nm processes will contribute to 25% of their business performance.

In addition, 10% of funding will be spent on advanced packaging and Transparent Media Adapters (TMA), and another 10% will be utilized as funding for specialized processes. TSMC plans for capital expenditures to remain at between US$10 billion to US$12 billion in the next few years.

(TR/ Phil Sweeney)