Taiwan Semiconductor Manufacturing Co (TSMC) raised its 2026 revenue growth forecast to above 30%. This projection increases the 25% growth estimate issued three months ago.
CEO C.C. Wei attributed the revision to extremely robust demand for artificial intelligence chips from cloud service providers.
TSMC will increase its annual capital expenditure to approximately US$56 billion. This spending target represents the upper end of the company's previous forecast.
The investment accelerates the expansion of 3-nanometer process technology capacity. This manufacturing capability is essential for next-generation high-performance AI chips. The updated outlook signals strong momentum for the global semiconductor industry.