TSMC projects over 30% sales growth
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TSMC raised its revenue growth forecast to over 30% due to robust AI-related chip demand. The company plans to increase capital expenditure to $56 billion to meet demand for advanced chips.
Taiwan Semiconductor Manufacturing Co (TSMC) has raised its revenue growth forecast to over 30% due to strong demand for AI-related chips. The company's revenue is expected to grow 10% sequentially to between $39 billion and $40.2 billion this quarter. TSMC is increasing its capital expenditure to $56 billion to expand advanced chip capacity, including 3-nanometer process technology. The company plans to add a new 3-nanometer production line at the Tainan Science Park and convert facilities producing less advanced chips to 3-nanometer chips. TSMC's total capital expenditure from this year to 2028 is expected to exceed $101 billion. The company's net profit last quarter rose to a record $18.14 billion, up 58.3% annually.
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