“Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd (TSMC) on Thursday said it would raise capital expenditure by at least 10 percent from 2015’s four-year low, partly driven by growth in the global smartphone market,” J.R. Wu reports for Reuters.
“The world’s biggest contract chipmaker estimated 2016 capex of $9 billion to $10 billion and said it expects global smartphone shipments to expand 8 percent,” Wu reports. “Demand for high-end smartphones has started the year weak, while in other segments there are already signs of upward demand momentum in emerging markets including China, the world’s biggest for smartphones, TSMC said.”
Wu reports, “‘Last year was a difficult year,’ Chairman Morris Chang said at the chipmaker’s quarterly earnings conference. ‘2016 I think will be better than 2015. We are mildly optimistic.'”
Read more in the full article here.
MacDailyNews Take: YKBAID.
[Thanks to MacDailyNews Reader “Jax44” for the heads up.]