TSMC Posts Strong Q3 Results and Commits Billions to Expand Capacity Driven by AI Demand

Taiwan Semiconductor Manufacturing Company (TSMC) reported a robust third quarter with revenue hitting $46.7 billion, exceeding guidance. The company plans a capital budget of $60 billion to $64 billion for 2026 to expand its manufacturing capacity, including doubling its 2-nanometer capacity by 2027. This aggressive investment is a direct response to the explosive demand for AI and high-performance computing chips, indicating a sustained boom in the semiconductor market.