TSMC to Spend $40 Billion on Chip Shortage

TSMC is investing $44 billion to expand its capacity in 5G and high-performance computing, focusing on advanced technologies like 2nm chips to maintain its leadership over rivals such as Intel and Samsung. This investment is 40% higher than Intel's planned spending. TSMC has also raised its sales growth forecast to an average of 20% annually and expects gross margins to reach 50%. The market has responded positively, with TSMC's ADR rising 5% in the US.

What percentage of gross margin does TSMC expect to achieve over the next few years?

What was the performance of TSMC's ADR in the US market?