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Chip stocks lead gains, with TSMC achieving record profits for five consecutive quarters and significantly increasing capital expenditures over the next three years
2 day ago /
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Author：小编
Chip stocks performed strongly, with shares of Nexchip, Hua Hong Semiconductor, Shanghai Fudan, and SMIC all rising. TSMC announced its second-quarter results, achieving record profits for the fifth consecutive quarter, with significant year-on-year growth in net profit and revenue, either exceeding market expectations or meeting them. TSMC remains optimistic about its future business prospects, anticipating sustained strong market demand until 2030. The company has raised its revenue growth forecast in U.S. dollar terms for 2026 and plans to expand its investments in advanced manufacturing processes and packaging, with capital expenditures over the next three years set to be significantly higher than those of the past three years.
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