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Benzinga
Benzinga
Business
Anusuya Lahiri

Taiwan Semiconductor CFO Warns Of Margin Pressure, Prudent $42 Billion CapEx Plan

Taiwan Semiconductor Semiconductor Charles Shi Wendell Huang TSM Nasdaq Nvidia
Tokyo,,Japan,,March,2023.an,Image,Of,Tsmc,,A,Taiwanese,Semiconductor

Taiwan Semiconductor Manufacturing Co (NYSE:TSM) stock traded lower Friday after its Thursday gains following upbeat quarterly results.

CFO Wendell Huang told Bloomberg that the contract chipmaker plans to stay cautious with spending in 2025 while accelerating global expansion to meet booming AI chip demand.

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