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TSMC’s massive capital spending plans for 2021 could pressure its earnings, analyst says

  • TSMC, the world's largest contract chipmaker, said it expected to spend between $25 billion to $28 billion in 2021 to make advanced chips.
  • The potential value for TSMC's planned capital expenditure this year lies in long-term growth opportunities, according to Mehdi Hosseini from Susquehanna Financial Group.
  • TSMC's decision was partially influenced by an increased competitive threat from Samsung's chip-making foundry business, he explained.

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