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TSMC Sets Record Quarter, Lifts 2026 Capex to Up to $56 Billion, Speeds Arizona Expansion

Soaring AI orders are pushing TSMC to invest heavily in new capacity.

Overview

  • The chipmaker reported Q4 revenue of about $33.7 billion and net profit of roughly $16.3 billion, beating estimates and marking record results.
  • Management guided 2026 revenue to rise around 30% in U.S. dollar terms and raised this year’s capital spending plan to $52–$56 billion focused on advanced nodes and packaging.
  • TSMC said it is accelerating its U.S. footprint with permit applications for a fourth Arizona fab and a first advanced packaging plant, and it has purchased additional land there.
  • Executives indicated wafer price increases will continue as advanced-node capacity remains tight and customers seek long-term allocations.
  • Semiconductor shares rallied on the news, while reports of ongoing U.S.–Taiwan trade talks point to potential tariff changes and possible expectations for more U.S. capacity, which remain under negotiation.