TSMC raises sales and spending outlook, adding to continuous signs of AI demand.

Taiwan Semiconductor Manufacturing Co. (TSMC) has significantly raised its capital expenditure and revenue expectations for this year, reflecting the company's confidence in global AI infrastructure demand. As a major chip manufacturer for NVIDIA and Apple, the company currently expects capital expenditure for 2026 to be between $60 billion and $64 billion, higher than the previous estimate of $52 billion to $56 billion. The company also anticipates that revenue growth, denominated in US dollars, will be slightly higher than 40%, up from the previous increase of over 30%. TSMC previously announced that its net profit in the second quarter increased by 77.4% year-on-year, exceeding market expectations.