TSMC spent $3bn on R&D in 2019

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TSMC spent $2.959 billion on R&D last year, employing 6,534 R&D staff. The R&D budget was 8.5% of its 2019 sales of  $36 billion- a ratio it intends to maintain. The company expects to increase revenues by 14-19% this year. TSMC expects 10% of its wafer output to be on 5nm this year and volume …

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