In the future, the foundry of TSMC, the TSMC founder, continued to make a big splash in investment and expansion. The board of directors decided yesterday that the approved capital budget reached NT$121.78 billion (about RMB3.9 billion) as an expansion of advanced process capacity.

The TSMC Board of Directors approved the capital budget of NT$121.78 billion yesterday as an upgrade and expansion of advanced process capacity, conversion of part of the logic process capacity to special process capacity, R&D capital budget and recurring capital budget. In addition, TSMC's board of directors approved a capital budget of NT$3,521.5 billion to fund the capitalized leased assets for the second half of the year.

TSMC's capital expenditure will remain at US$1 billion to US$11 billion this year, 80% of which will be used for advanced process capacity development and research and development at 7nm, 5nm, 3nm, 10% for advanced packaging and testing, and 10% for special In the process, TSMC's capital expenditure will remain unchanged at US$10-12 billion in the next few years, in order to meet the target of 5-10% growth in future operations.

TSMC's operating performance in the first half of the year is not very good, but it is optimistic that the operation will rebound strongly in the second half of the year. The growth momentum comes from the emergence of new smart phones, 5G, HPC and automotive electronics orders, and the 7nm process demand is particularly promising. The (EUV) 7+ nanometer process will also be in volume production, and the 7nm and 7+ nanometer processes are expected to contribute 25% of annual revenue.