United States · Business news · AI & Tech · 16 Jul 2026
AI: Chips and hardware · TSMC — more AI news
TSMC reported second-quarter revenue of $40.2 billion, up 34% from a year earlier and 12% from the previous quarter, with net income up 77% to NT$706.6 billion ($21.9 billion). The chipmaker raised its full-year outlook to dollar revenue growth of slightly above 40% and lifted its 2026 capital expenditure budget to $60 billion-$64 billion. It also announced a further $100 billion of manufacturing capacity in Arizona, taking its total planned US investment to $265 billion.
TSMC makes the advanced chips designed by Nvidia, AMD, Broadcom and Apple, so its $60-64 billion capex budget is revenue for equipment makers such as ASML and a gauge of how much AI chip supply can grow. The extra $100 billion for Arizona, for a US total of $265 billion, shifts more of that spending onto US soil. Quarterly net income of NT$706.6 billion ($21.9 billion) shows how much of the AI hardware bill is retained by the foundry.
Reported by Hargreaves Lansdown (Sharecast) — “TSMC lifts outlook as Q2 profits surge on continued AI chip boom” ↗ on 16 Jul 2026.
Official series on 16 Jul 2026 or the last day before it, and the latest observation.
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