On February 10, reports emerged indicating that TSMC’s revenue for January surged to NT$401.26 billion (roughly US$12.71 billion), representing a significant 37% year-on-year increase and establishing a new record high. This achievement underscores that, contrary to prior investor apprehensions about a potential slowdown in demand within the artificial intelligence sector, TSMC’s chip orders have remained robust and unaffected. Earlier, TSMC’s monthly revenue growth had exhibited signs of deceleration, with October witnessing a mere 16.9% rise—the slowest pace since February 2024—sparking concerns among market observers. Nevertheless, the recent rebound in monthly revenue, coupled with TSMC’s announcement of an unprecedented capital expenditure plan for 2026, is anticipated to mitigate these concerns effectively. Leveraging its strong performance in the fourth quarter, TSMC has revised its capital expenditure projections for 2026 upwards, setting a range between US$52 billion and US$56 billion, which signifies a substantial 27%-37% year-on-year hike. Additionally, the company forecasts a 32% revenue growth for 2025, with an expectation of an approximate 30% further increase in 2026.