TSMC posts record NT$706.6B profit, adds $100B to US plans
What's the deal? TSMC reported record Q2 net income of NT$706.6 billion, up 77% and above the NT$632.6 billion market estimate. The chipmaker also unveiled a further $100 billion in US manufacturing investment, lifting its total announced US commitment to $265 billion.
By the numbers: Q2 revenue reached $40.20 billion with a 67.7% gross margin. The company guided Q3 revenue to $44.6–$45.8 billion at a 65%–67% gross margin.
Why now? TSMC raised its 2026 capital-spending forecast to $60–$64 billion as AI-related chip demand held strong. It also lifted expected 2026 dollar revenue growth to slightly above 40%.
The expansion: The new $100 billion adds to an existing $165 billion Arizona plan covering six fabrication plants, advanced-packaging facilities, and research infrastructure for US semiconductor production.
What could go wrong? Markets showed little reaction to the results. TSMC's ADR was unchanged at $419.48 before US premarket trading began.
The signal: As the world's largest contract chipmaker, TSMC's record profit and rising capital spend underscore how AI demand continues to drive semiconductor growth — while its deepening US bet reflects a broader push to localise advanced chip manufacturing.
Read more: Grafa
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