BUZZ-TSMC's NYSE-listed shares down; chipmaker pledges to invest $100 billion more in US
TSM•TSM•TSM•TSM•The company said it expects full-year revenue in U.S. dollar terms to increase by slightly more than 40% for 2026, compared with a previous forecast of more than 30%.
Up to last close, the stock TSM.N was up about 38% versus the Philadelphia SE Semiconductor Index's .SOX gain of about 75% this year.
($1 = 32.2010 Taiwan dollars)
U.S.-listed shares of TSMC TSM.N, the world's main producer of advanced AI chips, fell 3.6% to $404.32 premarket after the chipmaker pledged to invest a further $100 billion in the U.S. state of Arizona.
The company said AI-driven demand will remain strong up to 2030.
A bellwether for AI chip demand and a major supplier to chip designer Nvidia NVDA.O, TSMC reported a 77% jump in Q2 profit to a record high of T$706.6 billion ($21.94 billion). TSMC has previously announced total planned investments of $165 billion to build chip factories in the U.S.
