Tech
TSMC cuts its 2022 capital spending target by ~10%, expecting to spend ~$36B on equipment, down from a prior $40B+ estimate, suggesting a deeper tech downturn (Debby Wu/Bloomberg)
Debby Wu / Bloomberg:
TSMC cuts its 2022 capital spending target to ~10%, expects to spend ~$36 billion on equipment, down from its previous estimate of $40 billion+, indicating a tech recession deeper– Taiwan Semiconductor Manufacturing Co.
