TSMC targets over 30% revenue surge in 2026, ramps up capex amid booming AI demand

Taiwan Semiconductor Manufacturing Co (TSMC) expects a revenue surge of more than 30 per cent in 2026 as the world’s largest contract chipmaker “pulls in all equipment” to ramp up supply, as management downplayed the impact of memory price hikes and Middle East tensions. During its first-quarter earnings call on Thursday, company executives voiced optimism for the year ahead anchored by the global AI frenzy, attributing the expected revenue surge to strong demand for artificial intelligence and...