TSMC lifts 2026 outlook, adds $100 billion to Arizona chip push
What's new: The chipmaker posted a record T$706.6 billion quarterly profit and raised 2026 capital spending to as much as $64 billion.
TSMC raised its 2026 revenue and spending outlook after reporting a record second-quarter profit, underscoring how demand for AI chips continues to reshape the semiconductor industry. The Taiwan chipmaker said profit rose 77% from a year earlier to T$706.6 billion, topping market expectations, while second-quarter revenue climbed 36%. It now expects 2026 capital spending of $60 billion to $64 billion, up from prior guidance of $52 billion to $56 billion, and forecast full-year dollar revenue growth of slightly more than 40%. TSMC also committed another $100 billion to Arizona, adding to previously announced US investments of $165 billion to expand chip manufacturing there.