Comment on Here's Why This Apple Inc. Supplier Just Boosted Its Capex

Here's Why This Apple Inc. Supplier Just Boosted Its Capex

Contract chip manufacturing giant Taiwan Semiconductor Manufacturing Company (NYSE: TSM) recently announced that for 2018, it expects to boost its capital expenditure budget to between $11.5 billion and $12 billion, up from a prior range of $10.5 billion to $11 billion. Chip manufacturers' capital expenditures tend to consist largely of the very expensive tools required to develop and manufacture chips, and Taiwan Semiconductor (TSMC) is one of the world's largest logic-chip manufacturers. An Apple A10 chip, manufactured by TSMC, inside of an iPhone 7.

 

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