Taiwan Semiconductor Manufacturing Company reported a record quarterly profit Thursday, driven by relentless demand for the advanced chips that power artificial intelligence.
The chipmaker, a key supplier for companies like Nvidia and Apple, posted earnings per share of $4.31, surpassing analyst expectations. Revenue reached $40.2 billion, also beating forecasts.
CEO Che-Chia Wei characterized global AI demand as "extremely robust" and projected it would stay strong until at least the end of the decade. Consequently, TSMC raised its 2026 revenue growth forecast to above 40%, up from a prior estimate of over 30%.
Alongside the earnings, the company announced a major expansion of its US footprint. TSMC will invest an additional $100 billion to build four more advanced chip fabrication plants in Arizona. This brings its total committed investment in the state to approximately $265 billion.
The new facilities will produce the most advanced chips, at 2 nanometers and below, to support demand from major American customers.
TSMC also increased its capital expenditure budget for the current year to a range of $60 billion to $64 billion, signaling aggressive expansion to meet AI-driven demand.