Economic Times Tech
7/16/2026
TSMC announces additional $100B US investment as Q2 profit surges 77%
Original: TSMC to invest another $100 billion in US as Q2 profit blows past forecasts
Short summary
TSMC will invest an additional $100 billion in Arizona, driven by robust AI demand, and raised its capital spending forecast. Q2 profit surged 77% to a record high, with the company projecting over 40% revenue growth by 2026.
- •TSMC committing an extra $100B to Arizona fabs on AI demand
- •Q2 profit jumped 77% to a record high
- •Revenue growth projected above 40% by 2026
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