TSMC fell 4.64% in pre-market trading. It had previously announced an increase in capital expenditures for the next three years.

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BlockBeats news: On July 16, according to market data from BIT (bit.com), TSMC was down 4.64% before the bell and is currently quoted at $400. Previously, TSMC said that 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 between $60 billion and $64 billion, higher than its earlier forecast of between $52 billion and $56 billion. In addition, TSMC also plans to add $100 billion in investment in the U.S. state of Arizona.

TSMC released its 2026 second-quarter financial report today. Net profit increased 77% year over year to 706.6 billion New Taiwan dollars, setting a historical high and exceeding market expectations. Q2 revenue grew 36% year over year to 1.27 trillion New Taiwan dollars, and revenue from its high-performance computing (HPC) business increased 20% quarter over quarter.

TSM-1.98%
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