TSMC Raises 2026 Guidance Amid Surging AI Demand
Taiwan Semiconductor Manufacturing (TSM) raised its full-year capital expenditure forecast for 2026 to $60 billion–$64 billion, up from $52 billion–$56 billion. The increase reflects growing demand in the AI sector and follows a similar move by ASML. Despite strong Q2 results including record revenue of $40.2 billion and EPS growth of 74%, TSMC's stock fell due to concerns over rising capital spending.