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4 sources·Started 12d ago·Updated 10d ago
TSMC reports record profit and raises capex, but Taiwan stocks plunge
TSMCTaiexTaiwanArtificial IntelligenceC.C. WeiNvidiaAppleUMC
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TSMC reported a record net profit of 706.56 billion TWD for Q2 2026, a 77.4% increase year-on-year, surpassing analyst expectations. However, the Taiwan Stock Exchange experienced its biggest intraday drop in history, with the Taiex falling 6.47% as TSMC shares slumped 7.29% Source: Milenio.
Record results and raised guidance
TSMC's net profit hit a record high for the tenth consecutive quarter, driven by strong AI chip demand Source: El Confidencial. The company raised its 2026 revenue growth forecast to above 40% in USD, up from previous 30% Source: Infobae. Capital expenditure for 2026 was increased to $60-64 billion, from $52-56 billion, with 70-80% allocated to advanced process technologies Source: Euronews.
Market reaction
Despite the strong earnings, TSMC's stock fell 7.29%, dragging the Taiex down 2,953.71 points. Analysts suggested the market is rotating away from chip stocks to other assets Source: Milenio. This decline occurred even as other tech stocks like UMC (-10%) and MediaTek (-8.92%) also fell Source: Infobae.
US expansion
TSMC announced an additional $100 billion investment in US manufacturing, bringing total commitment to $265 billion, to build more advanced fabs in Arizona Source: Euronews. CEO C.C. Wei described AI demand as "extremely solid" and expected to remain strong through 2029-2030 Source: Infobae.
Story timeline · 2 earlier headlines
- TSMC posts record Q2 profit, raises capex to $64 billion due to AI demand12d ago · 4 sources
- TSMC posts record Q2 profit, raises capex on strong AI demand11d ago · 5 sources
- TSMC reports record profit and raises capex, but Taiwan stocks plungecurrent
Sources
4 quotesMilenio↗
“El selectivo taiwanés, que cuenta con un fuerte componente tecnológico, cedió 2 mil 953.71 puntos para concluir la jornada en 42 mil 671.27 enteros, lo que supuso un descenso del 6.47 por ciento respecto al cierre del jueves.”
Infobae↗
“"La demanda relacionada con la inteligencia artificial sigue siendo extremadamente sólida", afirmó el presidente y consejero delegado de TSMC, C.C. Wei, durante una conferencia con inversores.”
El Confidencial↗
“Los beneficios de TSMC, el mayor fabricante de chips avanzados del mundo, ascendieron a 706.560 millones de dólares taiwaneses (21.977 millones de dólares, 19.163 millones de euros) en el segundo trimestre del presente ejercicio, un 77,4 % más que en el mismo período del año pasado.”
Euronews↗
“TSMC anunció que destinará 100.000 millones de dólares adicionales (87.400 millones de euros) para ampliar su capacidad de fabricación en Estados Unidos, que se suman a los 165.000 millones de dólares (144.000 millones de euros) ya comprometidos para construir seis plantas de producción en Arizona.”