According to foreign media reports, TSMC, a provider of foundry and packaging services, in its latest earnings release, estimates its 2023 capital expenditures at $32-$36 billion.
In a conference call with analysts following the earnings release, TSMC CFO Jen-Chao Huang revealed that they spent $36.3 billion in 2022 to meet structural needs and support customer growth.
Spending $36.3 billion in 2022 would mean that TSMC’s capital expenditures for 2023, if not subsequently revised upward, would end up being lower than 2022 if they do not exceed the $32-36 billion estimate.
For this year’s planned capital expenditures, Huang also disclosed during the earnings analyst call, he said that about 70% will be arranged for advanced process technology, about 20% for special process technology, and the remaining about 10% for advanced packaging, etc..
In some years, TSMC has adjusted their capex expectations over time. For example, in 2021, they initially expected $25-28 billion, but in the first quarter they revised it upward to $30 billion.
As to whether TSMC will adjust its Capex estimates this year, it depends on the market conditions.
