TSMC Says Actual 2024 Capex Amount to be Released in Jan 2024, Amid Rumours of it Falling to at Most $30B

Aastocks2023-12-05

It has been rumoured that the capital expenditures of TSMC(TSM.US) next year may fall to US$28 billion-US$30 billion, a 6.3%-12.5% drop from this year, due to the availability of shared equipment for some of its manufacturing facilities and the fact that some of its deferred budgets will be utilized this year. If TSMC's capex falls to the US$30 billion mark, it will be the lowest point in nearly four years.

TSMC responded yesterday that information on the company's capex for next year will be based on what is announced at next January's results conference.

Earlier, TSMC said at the October results conference that it would remain prudent in its investments in light of short-term market uncertainties. The company's capex for this year will remain at the level of nearly US$32 billion, which has been appropriately tightened.

It is expected that even though TSMC will not increase its capex next year, its R&D investment will continue to grow in order to pursue advanced manufacturing technologies.

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