Key facts
- TSMC reported a record second-quarter net profit of T$706.6 billion ($21.99 billion), up 77% year-over-year.
- Revenue increased 36% year-over-year to NT$1.27 trillion, fueled by AI chip demand.
- The company pledged an additional $100 billion to expand its US manufacturing capacity.
- TSMC raised its capital expenditure budget for the year to $60 billion-$64 billion.
- CEO Che-Chia Wei described global AI-related demand as 'extremely robust' and expects it to remain strong until 2029 or 2030.
Taiwan Semiconductor Manufacturing Company (TSMC) announced a record second-quarter net profit, surpassing analyst expectations and driven by robust demand for artificial intelligence chips. The world's largest contract chipmaker reported a 77% year-over-year increase in net profit to T$706.6 billion ($21.99 billion), with revenue climbing 36% to NT$1.27 trillion ($40.2 billion).
CEO Che-Chia Wei stated that global AI-related demand is 'extremely robust' and is expected to remain strong until around 2029 or 2030. Based on this outlook, TSMC raised its 2026 revenue growth forecast to slightly above 40% year-on-year, up from its previous guidance of over 30%.
Alongside its strong financial results, TSMC pledged an additional $100 billion (€87.4 billion) to expand its manufacturing capacity in the United States. This commitment, on top of $165 billion already planned for six fabrication plants in Arizona, brings the company's total US investment pledges to approximately $265 billion (€231 billion). The new funds are earmarked for four additional Arizona plants focused on the most advanced 2-nanometer chips.
TSMC also increased its capital expenditure budget for the current year to between $60 billion (€52.4 billion) and $64 billion (€55.9 billion), an upward revision from the previous range of $52 billion to $56 billion. This expansion plan supports the strong multi-year demand from leading American customers.