Overview
- On Monday, TSMC reported July revenue of NT$467.58 billion ($14.5 billion), a 44.7% year‑on‑year increase that set a new monthly record.
- The company updated its full‑year outlook to slightly above 40% revenue growth in U.S. dollar terms and raised 2026 capital expenditure guidance to $60–$64 billion.
- High‑performance computing, the category where TSMC books AI chip sales, accounted for about two‑thirds of second‑quarter revenue and is the primary driver of the surge.
- Analysts lifted price targets and equipment suppliers such as ASML saw share gains as markets priced stronger foundry demand, though some experts warn monthly figures can be volatile.
- A report of roughly $1 billion in Apple‑related chip inventory surfaced and industry analysts say TSMC can reallocate lines toward higher‑value AI/HPC work while expanding fabs in Arizona, Japan and Germany to add capacity.