Taiwan Semiconductor Manufacturing Co. will remain prudent about spending this year while expanding globally to meet surging AI chip demand, as the chipmaker grapples with growing macroeconomic and foreign exchange volatility.
The main supplier of chips to Apple Inc. and Nvidia Corp. is sitting tight for now on plans to set aside a maximum $42 billion for capital expenditure this year, Chief Financial Officer Wendell Huang told Bloomberg Television. Calling currency volatility a “big uncertainty” to margins, he said the company will also actively review hedging strategies to manage the impact.
TSMC is spending $165 billion to build capacity in ...
