Taiwan Semiconductor Manufacturing Co (TSMC) has increased its full-year revenue forecast and announced plans to raise capital expenditure beyond previous guidance, citing robust demand for artificial intelligence chips.
The move underscores the enduring strength of the AI infrastructure build-out, which continues to drive growth for the world’s largest chip foundry.
4% year-on-year to a record high, marking the fifth consecutive quarter of record earnings.
The update follows TSMC’s second-quarter results, which saw net profit jump 23.4% year-on-year to a record high, marking the fifth consecutive quarter of record earnings.
The company’s decision to boost both revenue expectations and investment levels suggests that data-center customers are accelerating their procurement of advanced logic chips, reinforcing the sector’s growth trajectory.
TSMC’s expanded capital spending plan is likely to benefit its equipment suppliers, including ASML and other semiconductor toolmakers, as the foundry ramps up capacity for next-generation nodes.
The increased investment also signals confidence in long-term demand, despite broader macroeconomic uncertainties.