TSMC Raised Its 2026 Revenue Guidance: What It Means for AI Chip Demand

Taiwan Semiconductor Manufacturing Co. (TSMC) raised its full-year 2026 revenue growth guidance to slightly above 40%, up from more than 30%, after the second-quarter profit hit a record, and artificial intelligence (AI) chip demand held firm. The chipmaker raised its 2026 capital spending target to between $60 billion and $64 billion. It also pledged a