TSMC hikes capex and revenue outlook on AI chip demand

Taiwan Semiconductor Manufacturing Co. (TSMC) posted record second-quarter revenue of $40.2 billion and raised its 2026 capital expenditure forecast to $60–$64 billion, signaling robust demand for AI chips and data centers. The company also announced a $100 billion investment in Arizona and lifted its revenue-growth outlook to just over 40%, underscoring the multi-year AI megatrend even as management cautioned about rising component prices; the stock fell in premarket trading as investors took profits despite the upbeat outlook.