Taiwan Semiconductor Manufacturing Co. (TSMC) raised its capital spending outlook and said spending over the next three years will be substantially higher than in the previous three-year period. The company now expects full-year capital expenditure of $60 billion to $64 billion, up from its earlier guidance of $52 billion to $56 billion, and also plans to add $100 billion of investment in Arizona.
In crypto-linked trading, a TSM-related contract on Hyperliquid moved sharply lower after an intraday rise. Market data cited earlier by BlockBeats showed the contract gave back gains and at one point fell more than 4%, before trading down 3.6%.
TSMC also released its results for the second quarter of 2026. Net profit rose 77% year over year to NT$706.6 billion, a record high that topped market expectations. Second-quarter revenue increased 36% from a year earlier to NT$1.27 trillion, while revenue from the company’s high-performance computing, or HPC, segment rose 20% from the prior quarter.
TSMC said on July 16 that capital spending over the next three years will be substantially higher than in the previous three-year period. The chipmaker now expects full-year capital expenditure of $60 billion to $64 billion, compared with its earlier forecast of $52 billion to $56 billion.
The company also plans to add $100 billion of investment in Arizona.
TSM-linked contract on Hyperliquid gives up gains
Earlier market data showed that a TSM-related contract on Hyperliquid rose during the session and then reversed lower. The decline widened to more than 4% at one point, and the contract was last down 3.6%.
Second-quarter 2026 earnings
TSMC released its financial results for the second quarter of 2026 on the same day. Net profit climbed 77% from a year earlier to NT$706.6 billion, marking a record high and coming in above market expectations. Second-quarter revenue rose 36% year over year to NT$1.27 trillion, while revenue from high-performance computing, or HPC, increased 20% from the previous quarter.
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