TSMC

S. state of Arizona, a victory for President Donald Trump, who has pushed for more chips to be made at home. TW> raised its capital expenditure forecast by up to 14% for this year. “Our customers, who are mainly cloud service providers, continue to give us very strong signals and positive outlooks,” said the company's CEO, CC Wei, at an earnings conference. Capital expenditure for 2026, a key indicator of management's confidence in the durability of AI demand, is forecast to be between $60 billion and $64 billion, compared with previous top-end guidance of between $52 billion and $56 billion, it said.

Thriving on surging demand for advanced chips used in artificial intelligence applications, TSMC's additional 100 billion dollar investment in Arizona would add to already announced investments of 165 billion dollars to build chip factories there. S. semiconductor business. S. S. S. S. S. TSMC's aggressive capital expenditure and rising profit margins have made it a barometer of demand in the global semiconductor industry. S. dollar terms to rise by just over 40% by 2026, compared with a previous forecast of more than 30%. Wei said all of TSMC's customers were “very aggressive” in their demand forecasts, but added that simply adding up their projections would exaggerate actual market demand.

Analysts said demand for TSMC's 3- and 2-nanometer process technologies for AI chips, as well as its advanced chip packaging technology, CoWoS, remains robust. This has catapulted the company, also a key supplier to Apple, into new heights as Asia's most valuable company. On Monday, the company announced a 36% increase in second-quarter revenue, above market forecasts and a record. TSMC's Taipei-listed shares have gained 59% so far this year, largely in line with the broader market.