TSMC Raises 2026 Capex to $64B as AI Chip Demand Surges

The world’s largest chipmaker posted record quarterly profit and announced another $100 billion investment in its Arizona manufacturing expansion. Taiwan Semiconductor Manufacturing Co. (TSMC) has announced an additional $100 billion investment in its Arizona operations while significantly increasing its 2026 capital expenditure outlook, citing sustained demand for advanced chips used in artificial intelligence (AI) applications.