Taiwan Semiconductor Manufacturing Co. (TSMC) fell 4.64% in premarket trading on July 16, with shares quoted at $400, according to market data from BIT(bit.com). The move came after the company said capital spending over the next three years would be significantly higher than in the previous three-year period.
TSMC said it now expects full-year capital expenditures to reach $60 billion to $64 billion, up from its earlier forecast of $52 billion to $56 billion. The company also said it plans to add $100 billion in investment in Arizona.
On the same day, TSMC released its financial results for the second quarter of 2026. Net profit rose 77% year over year to NT$706.6 billion, setting a record high and coming in above market expectations. Second-quarter revenue increased 36% from a year earlier to NT$1.27 trillion. Revenue from its high-performance computing, or HPC, business rose 20% quarter over quarter.
TSMC fell 4.64% in premarket trading on July 16 and was quoted at $400, according to market data from BIT(bit.com).
The company had earlier said capital spending over the next three years would be significantly higher than in the prior three-year period. It now expects full-year capital expenditures of $60 billion to $64 billion, above its previous forecast of $52 billion to $56 billion.
TSMC also plans to add $100 billion of investment in Arizona.
The chipmaker released its second-quarter 2026 earnings on the same day. Net profit climbed 77% from a year earlier to NT$706.6 billion, a record high that topped market expectations. Second-quarter revenue rose 36% year over year to NT$1.27 trillion, while revenue from the high-performance computing (HPC) segment increased 20% quarter over quarter.
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