TSMC Raises 2026 Outlook in Sign of Confidence in AI Demand

Taiwan Semiconductor Manufacturing Co. raised its revenue outlook for 2026, an upbeat forecast that underscores the resilience of AI chip demand despite concerns about the economic fallout from the Middle Eastern conflict.

The main chipmaker to Nvidia Corp. and Apple Inc. is expecting revenue growth of more than 30% this year, an upgrade from previous guidance for below that number. The company’s capital spending should trend toward the upper end of an existing forecast range of as much as $56 billion, executives said, conveying confidence in the year’s economic outlook.