Taiwan Semiconductor Manufacturing Co. (TSMC) is expecting a 10% YoY decline in its first half revenue this year, according to CEO C.C. Wei at the company's annual shareholders' meeting. However, TSMC's Chairman Mark Liu has forecasted a better performance in the second half of this year.
Despite facing challenges such as the COVID-19 pandemic, the US-China trade war, and the Russia-Ukraine conflict, TSMC is preparing for the next semiconductor boom expected to begin next year. Liu stated that 75% of TSMC's R&D expenses will be used for advanced technology, with 25% allocated to special technology research.
Additionally, the company aims to double its advanced chip packaging capacity, with artificial intelligence driving the demand. TSMC is also in talks with the German government over building a first European factory in Germany and has teamed up with Sony to build a $7 billion semiconductor fabrication plant in Japan.
