Analyst: TSMC to boost capex

Mark LaPedus, EETimes
1/19/2011 12:57 PM EST

SAN JOSE, Calif. - Don't look now, but Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) is expected to boost its capital spending for 2011.

''Following GlobalFoundries and Intel's increases, we expect TSMC to announce nearly $8 billion in 2011 capex,'' said Steven Pelayo, an analyst with HSBC, in a report.

That's up 29 percent over 2010, according to the firm. At one time, TSMC was expected to spend $6-plus billion for 2011.

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