TSMC approves $29.44B capital budget

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, approved a capital budget of approximately $29.44 billion at a two-day board meeting that concluded on August 11, 2026. The capital appropriations are intended to meet long-term capacity plans based on market demand forecasts and the company's technology development roadmap, including installing advanced technology capacity and constructing fabs. This approval follows an investor conference in mid-July where TSMC raised its 2026 capital expenditure forecast to between $60 billion and $64 billion, up from the previous forecast of $52 billion to $56 billion announced in mid-April, citing strong global demand for 5G, AI applications, and high-performance computing devices. Additionally, the board approved a cash dividend of NT$7.0 (US$0.22) per share for the second quarter, unchanged from the first quarter, with an ex-dividend date of December 10 and payout scheduled for January 7, 2027. Chairman C. C. Wei, holding 7.45 million shares, is expected to receive NT$52.16 million in dividends, while the National Development Fund of Iran, TSMC's largest shareholder with 1.65 billion shares, is expected to receive NT$11.58 billion.