TSMC’s Japan subsidiary, JASM, recorded its first quarterly profit since beginning mass production. Improved utilization rates drove the financial turnaround in Japan. The Arizona operation reported a surge in first-quarter profits. Analysts attribute the U.S. growth to robust AI demand from major American customers.
TSM upgraded plans for its second Japanese fab from 6-nanometer to 3-nanometer technology. This shift aims to meet accelerating global demand for advanced AI chips. Bank of America increased its 2027 capital expenditure forecast for the company.
TSM shares rose in U.S. pre-market trading. Shares faced pressure in Taipei following the sale of a portion of TSM's stake in Vanguard International Semiconductor.