Taiwan Semiconductor Manufacturing Company (TSMC) will hike capital spending by a nearly third in 2022 to build out production capacity in the expectation that demand for chips keeps flooding in. The financial outlay is estimated to jump to as much as $44bn this year, up from $30bn in the previous fiscal, and was outlined today when the company reported results for its calendar Q4 with revenues up 5.8 per cent year-on-year to $15.74bn and net profit up 16.4 per cent to $6bn. The top line was driven by demand for semiconductors manufactured with TSMC's 5nm process technology. This contributed to...