TAIPEI -- Taiwan Semiconductor Manufacturing Co. has secured a one-year license to continue ordering American chipmaking equipment for its expansion in China after the U.S. rolled out tough export controls to block Beijing's tech ambitions.
TSMC on Thursday said quarterly net profits reached 280.87 billion New Taiwan dollars ($8.81 billion) for the July to September period, a 79.7% increase from a year ago and an all-time high. Quarterly gross margin was also at a record high of 60.4%.The company said it would cut 2022 capital expenditure to $36 billion, from about $40 billion previously forecast, in part due to weakening demand for smartphones and PCs.
One can only dream of AXE getting a piece of that action.
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