TSMC is not going to buy Intel factories and promises to launch its third plant in the US by the end of the decade

TSMC’s quarterly earnings conference was characterized by the company’s demonstration of being quite frugal in terms of capital expenditures, which further encouraged investors. At the same time, the company promised to launch a third enterprise in Arizona by the end of the decade, but categorically rejected the idea of ​​​​buying Intel’s production assets.

Image Source: TSMC

In any case, the Taiwanese media first drew attention to the reaction of TSMC Chairman of the Board of Directors and CEO of the company C.C. Wei to the question about the potential interest of the Taiwanese giant in acquiring the enterprises of the financially troubled Intel company. The head of TSMC succinctly suppressed the very possibility of such speculation with a double “no.” At the same time, he added that a certain Californian vertically integrated processor manufacturer is a major client of TSMC, and in such a description there was an obvious reference to Intel.

Reuters added that TSMC’s plan to invest $65 billion to build three plants in Arizona remains in place, but the company’s main production facilities will continue to be concentrated in Taiwan. TSMC’s first facility in Arizona will begin production next year, the second will join it only in 2028, and the third will be operational by the end of the current decade. According to some reports, the first of TSMC’s facilities in Arizona has already begun supplying 4nm products to the company’s customers, and Apple is supposedly even among them. However, TSMC officials do not comment on such rumors.

This year, we recall, TSMC is going to spend from $30 billion to $32 billion on capital construction, and to achieve this level it will have to invest more than $11 billion in core projects in the time remaining until the end of the year. Next year’s capital expenditures should be higher than this year, but TSMC has not yet announced the exact amounts. But she claims that she assesses the market situation next year as healthy, and expects it to remain in this state over the next five years.