TSMC earns record profit in 2020 -- 5nm domination begins in 2021

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TSMC (Taiwan Semiconductor Manufacturing Company) is rumored to boost its capital expenditure as we head into 2021, with $22 billion ready to go for the year.

This means TSMC will have a 30% growth over 2020 for 2021, which will most likely see the Taiwanese semiconductor leader to stand out from the pack against the likes of Samsung, and others in the fab business. But when it comes to revenue in December 2020, investment bank Morgan Stanley estimates TSMC will make around $4.6 billion (NT$130.5 billion) a new all-time high for the company.

Morgan Stanley notes that this would be the first time that TSMC has breached NT$130 billion for the first time ever, but in the first 11 months of 2020 (January-November) the company breached NT$1.2 trillion ($42 billion or so) which is a hefty 26.4% year-over-year increase. TSMC is expecting even bigger numbers -- NT$1.5 trillion -- in 2021.

• Read more: TSMC super-charges R&D of its next-gen 2nm node
• Read more: TSMC makes progress on 5nm, should have 5nm chips in 2020