Morris Chang

Money Moves

Made first public appearance in over a year January 2026

TSMC makes over 90% of the world's most advanced chips, the processors that power AI systems from Nvidia, Apple, and others. In 2026, the company raised its capital spending budget to $60-64 billion, up from $52-56 billion planned in January. It posted record profits in each of the first two quarters and again in Q3, when net profit jumped 69% year over year. On October 15 it said it will build another 3nm fab in Tainan, with production set for the first half of 2028.

Updated Nov 2