TSMC revenue jumps 34 percent as it raises 2026 capex

TSMC reported revenue up 34 percent to 40.2 billion dollars and lifted its 2026 capital spending plan to between 60 and 64 billion dollars. Demand for AI accelerators keeps its most advanced nodes sold out.

Why it matters: TSMC's spending is the clearest signal of where the AI buildout is heading. When the company that actually makes the chips decides to spend more, everyone downstream is betting the demand is real.

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