If you had invested $10,000 in Taiwan Semiconductor a year ago, your stake would be worth approximately $15,000 today, reflecting a 50% total return. This outperformance stems from the company’s successful readied ramp of AI‐driven semiconductor demand and strong execution across its advanced process nodes.

In the December quarter, TSMC reported consolidated revenue of TWD 1.05 trillion, up 20.5% year-on-year, and net income of TWD 505.7 billion, a 40.6% increase. Earnings per share rose 35% to TWD 19.50. Operating margin expanded to 51% and net margin to 48.4%, driven by AI and high-performance computing wafers representing 58% of sales. EBITDA climbed 23.5% to TWD 733.2 billion, while operating expenses grew just 2.4%, showcasing tight cost control.

TSMC has signed a binding agreement with the U.S. government to invest US $250 billion in America over the next decade, including a newly opened Arizona fab. To meet surging AI chip demand, management is raising 2026 capital expenditures to US $52–56 billion, up from US $41 billion in 2025. This increased capex allocation—70–80% toward leading‐edge nodes such as N3 and N2—positions TSMC to sustain a targeted 25% compound annual revenue growth rate through 2029.