TSMC may lower its capital expenditure target for this year. Due to the delay in Intel's 3nm outsourcing and the delayed production schedule of the company's new 4nm factory in the United States, TSMC is afraid to lower its capital expenditure target for this year from the original low range of nearly $32 billion to $36 billion, to a low point of less than $30 billion in the past three years. TSMC will hold a legal conference this Thursday, and it is currently during a period of silence before the legal conference. It is understood that even if TSMC may revise its capital expenditure this year, it is expected that the annual R&D expenses will not decrease but increase, and advanced R&D will continue to be invested.