TSMC Lifts 2026 Capex to as Much as $64 Billion, Targets Over 40% Revenue Growth
Jul 17, 2026
Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest chipmaker, raised its 2026 capital-spending plan to a range of $60 billion to $64 billion in its quarterly report on Thursday, July 16, at least $4 billion above its previous estimate. Most of the spending is earmarked for advanced technologies serving artificial-intelligence and high-performance-computing customers.
The company also lifted its revenue-growth outlook for the year to more than 40%, up from a prior forecast of around 30%. Despite the strong figures, TSMC shares fell about 4.6% in premarket trading, as some investors questioned the long-run returns on such a large AI investment.
The surge in spending, and doubts over AI valuations, helped fuel a wave of selling in chip stocks across Asian and US markets this week.
Source
Taipei Times
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