Taiwan Semiconductor Manufacturing Co. (TSMC) reported a record second-quarter net profit of T$706.6 billion ($21.99 billion), marking a 77% increase from a year earlier. The results beat market forecasts and LSEG SmartEstimates, driven by surging global demand for artificial intelligence processors. The company, which serves major customers including Nvidia and Apple, also raised its 2026 revenue forecast to above 40% growth.
This profit announcement follows the release of the company's June revenue figures earlier in the week. The strong financial performance reflects the ongoing wave of demand for AI-related technology.
Alongside its financial results, TSMC announced plans to invest an additional $100 billion to expand its chipmaking capacity in the United States. The Trump administration confirmed that these funds will be directed toward facilities in Arizona. This investment is part of a larger deal between Washington and Taipei to bring semiconductor manufacturing to American soil.
The new pledge brings TSMC's total commitment to its Arizona operations to $265 billion. The company stated that the expansion will create high-tech, high-paying jobs within the United States.