Taiwan Semiconductor's July Revenue Rose 45% and the Stock Sits 13% Below Its High - The Globe and Mail

Taiwan Semiconductor Manufacturing Company (TSMC) reported a record monthly revenue of NT$467.58 billion in July 2026, marking a 44.7% year-over-year increase and a 5.6% rise from June. This performan... Read original →

TSMC’s record July revenue underscores robust demand for AI chips, particularly driven by 3nm and EUV technologies, which are propelling upstream suppliers and downstream clients like NVIDIA and Apple. However, the stock trades at a discount despite strong guidance, signaling investor concerns over cyclical downturns and geopolitical risks. TSMC’s leadership remains unchallenged in advanced manufacturing, but supply chain vulnerabilities pose long-term threats. If AI growth persists, TSMC may further expand overseas capacity to mitigate risk, while rivals such as Intel and Samsung aim to close the technological gap. The company’s strategic positioning will hinge on balancing growth ambitions with geopolitical realities.