Taiwan Semiconductor: towards a fall in profits?

(Boursier.com) — Taiwan Semiconductor Manufacturing Co is expected to reduce its annual capex guidance to $30 billion, according to the Economic Daily News. TSMC previously expected capex at the low end of a range of $32 billion to $36 billion. The Economic Daily News, citing market rumors, indicates that Taiwan Semi should instead lower this capex estimate due to the postponement of 3 nm orders fromIntel and mass production lead times at its new US 4nm site. Taiwan Semiconductor has also reportedly canceled its 1.4nm chip factory project in Taoyuan, Taiwan, due to the protests. The Economic Daily News reports that due to the need to find other land for the construction of the factory, the initial layout plan for 1.4nm production capacity may be delayed…

Finally, TSMC, which publishes its quarterly results on Thursday, should according to specialists reveal a profit down around 30%. Analysts, however, expect solid growth next year as the industry recovers.