TSMC Unlikely to Raise Capital Spending Significantly in 2026 -- Market Talk

Dow Jones

2025/10/17

0529 GMT - TSMC won't likely raise its capital expenditure significantly next year, Morningstar analyst Phelix Lee says in an email. TSMC's shares are down 2.0% at NT$1,455 despite the company posting another record profit in 3Q and boosting its 2025 revenue forecast further. Following OpenAI's recent multibillion-dollar deals with chip makers that are clients of TSMC, the market is wondering how OpenAI will pay for the chips in the next five years, Lee says. "OpenAI's cash burn could mean high risk in chip procurement." Meanwhile, the escalation in U.S.-China trade tensions could pose risks to the global semiconductor industry and TSMC, he adds. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

October 17, 2025 01:29 ET (05:29 GMT)

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TSMC's shares are down 2.0% at NT$1,455 despite the company posting another record profit in 3Q and boosting its 2025 revenue forecast further. Following OpenAI's recent multibillion-dollar deals with chip makers that are clients of TSMC, the market is wondering how OpenAI will pay for the chips in the next five years, Lee says. \"OpenAI's cash burn could mean high risk in chip procurement.\" Meanwhile, the escalation in U.S.-China trade tensions could pose risks to the global semiconductor industry and TSMC, he adds. 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TSMC's shares are down 2.0% at NT$1,455 despite the company posting another record profit in 3Q and boosting its 2025 revenue forecast further. Following OpenAI's recent multibillion-dollar deals with chip makers that are clients of TSMC, the market is wondering how OpenAI will pay for the chips in the next five years, Lee says. \"OpenAI's cash burn could mean high risk in chip procurement.\" Meanwhile, the escalation in U.S.-China trade tensions could pose risks to the global semiconductor industry and TSMC, he adds. (sherry.qin@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 17, 2025 01:29 ET (05:29 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1989772840.SGD","symbol_name":"CPR Invest - Climate Action A2 Acc SGD-H","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2576088883","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2576088883","pubTimestamp":1760678940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0529 GMT - TSMC won't likely raise its capital expenditure significantly next year, Morningstar analyst Phelix Lee says in an email. TSMC's shares are down 2.0% at NT$1,455 despite the company posting another record profit in 3Q and boosting its 2025 revenue forecast further. Following OpenAI's recent multibillion-dollar deals with chip makers that are clients of TSMC, the market is wondering how OpenAI will pay for the chips in the next five years, Lee says. \"OpenAI's cash burn could mean high risk in chip procurement.\" Meanwhile, the escalation in U.S.-China trade tensions could pose risks to the global semiconductor industry and TSMC, he adds. 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TSMC's shares are down 2.0% at NT$1,455 despite the company posting another record profit in 3Q and boosting its 2025 revenue forecast further. Following OpenAI's recent multibillion-dollar deals with chip makers that are clients of TSMC, the market is wondering how OpenAI will pay for the chips in the next five years, Lee says. \"OpenAI's cash burn could mean high risk in chip procurement.\" Meanwhile, the escalation in U.S.-China trade tensions could pose risks to the global semiconductor industry and TSMC, he adds. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 17, 2025 01:29 ET (05:29 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}