TSMC raises planned capital expenditures for the next three years, while on-chain contracts kick off a drop ahead of the US stock market

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ME News, July 16 (UTC+8): TSMC said its capital expenditures over the next three years will be significantly higher than in the past three years. It expects full-year capital expenditures of $60 billion to $64 billion, previously expected to be $52 billion to $56 billion. In addition, TSMC also plans to add $100 billion in investment in the U.S. state of Arizona.

Earlier reports said that market data showed the prices of Hyperliquid TSM-related contracts spiked during the day and then pulled back. The decline briefly widened to more than 4%, and the current price is 3.6%. TSMC released its 2026 Q2 earnings report today: net profit rose 77% year over year to 706.6 billion New Taiwan dollars, reaching a historical high and exceeding market expectations. Q2 revenue increased 36% year over year to 1.27 trillion New Taiwan dollars. Revenue from its high-performance computing (HPC) business grew 20% quarter over quarter. (Source: BlockBeats)

TSM-3.21%
HYPE-3.63%
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