TSMC (TSMC) is the world’s leading semiconductor foundry, with recent developments as follows:

1. ​​Capacity and Investment​​
• ​​2026 capital expenditures​​: raised to $60–64 billion (a historical high), with 70%-80% going to advanced process nodes (such as 2nm and below).
• ​​Expansion in the United States​​: an additional $100 billion investment will be made; four new plants will be built in Arizona (including advanced packaging), bringing total investment to $265 billion, with the number of factories increasing to 12.
2. ​​Technology and Market​​
• ​​AI-driven demand​​: orders from customers such as Nvidia and Broadcom have surged; AI-related revenue in 2026 may exceed $10k, with order visibility extending to 2028.
• ​​Silicon photonics rollout​​: PIC (photon integrated circuit) capacity will reach 10k wafers/month in Q2 2026, with a target of 25k wafers/month by 2028.
3. ​​Financial Performance​​
• ​​Gross margin​​: gross margin is nearly 68% in Q2 2026, and is expected to remain at 65%-67% in Q3.
• ​​Revenue growth​​: the 2026 revenue target is set to exceed $25k, marking three consecutive years of record highs.
4. ​​Pricing Strategy​​
Chairman Wei Zhejia emphasized: it will not suddenly raise prices significantly due to supply tightness; pricing is based on customers’ sustainable growth to secure long-term cooperation.
5. ​​Industry Position​​
• The world’s largest manufacturer of advanced logic chips, with 9 production sites; its share of 300mm wafer fabs is higher than Intel’s.
• TSMC’s China subsidiary (TSMC China) received 2025 national-level green factory certification; revenue was $53.8B (in 2021).