ASML and ASMI stand to gain from huge TSMC capex boost

Good news for TSMC suppliers ASML and ASMI: the Taiwanese foundry will be increasing capital spending in 2021 to 25-28 billion dollars, up from 17.2 billion dollars last year. About 80 percent of the capex is intended to build or expand advanced manufacturing capacity, ie for 7nm, 5nm and 3nm, CFO Wendell Huang told investors during a conference call discussing annual results. The bulk of it probably will go to 3nm, however, since that node is slated to move into volume production in the latter half of 2022.