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TSMC Ramps Fabs and Packaging as AI Demand Lifts Outlook and Capex

Heavy AI orders are letting the chipmaker spend at a record pace to preserve its lead.

Overview

  • TSMC guided revenue to $39.0–$40.2 billion for Q2 with growth of about 32% at the midpoint and said full‑year 2026 sales should rise more than 30%.
  • The company reported Q1 revenue of $35.9 billion with a 66.2% gross margin and posted April sales of NT$410.73 billion, up 17.5% from a year ago.
  • Management is pushing capital spending toward the high end of $52–$56 billion in 2026 and plans nine new phases of wafer fabs and advanced packaging next year.
  • TSMC says the chip market could top $1.5 trillion by 2030 with AI and high‑performance computing making up 55% of that total.
  • The foundry holds about 72.3% market share, gets 61% of wafer revenue from high‑performance computing, and concentrates 74% of wafer revenue at 7‑nanometer and below, which analysts say makes it the key chokepoint for AI accelerators.