TSMC Capex Guidance Handily Beats Morningstar's Expectation -- Market Talk

Dow Jones01-16

0239 GMT - TSMC's 2026 capital expenditure of between US$52 billion and US$56 billion crushes Morningstar's expectation of US$47 billion. "TSMC's increased capex is music to the ears of wafer fab equipment makers like Lam Research, ASML, and Tokyo Electron," Morningstar analyst Phelix Lee says in a note. Management's track record of conservative guidance and its thinly veiled reference to the benefits of an indirect customer, namely Meta, boosts Morningstar's confidence in TSMC's future demand. Lee thinks TSMC could hit NT$8.8 trillion in sales by 2029. Lee is also more bullish about China's AI demand, with Nvidia securing export licenses in the U.S. and Chinese firms' thirst for the most power-efficient chips made by TSMC, he says. Shares are last 2.4% higher at NT$1,730.00. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

January 15, 2026 21:39 ET (02:39 GMT)

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Management's track record of conservative guidance and its thinly veiled reference to the benefits of an indirect customer, namely <a href=\"https://laohu8.com/S/META\">Meta</a>, boosts Morningstar's confidence in TSMC's future demand. Lee thinks TSMC could hit NT$8.8 trillion in sales by 2029. Lee is also more bullish about China's AI demand, with <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> securing export licenses in the U.S. and Chinese firms' thirst for the most power-efficient chips made by TSMC, he says. Shares are last 2.4% higher at NT$1,730.00. (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  January 15, 2026 21:39 ET (02:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Capex Guidance Handily Beats Morningstar's Expectation -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTSMC Capex Guidance Handily Beats Morningstar's Expectation -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-16 10:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0239 GMT - TSMC's 2026 capital expenditure of between US$52 billion and US$56 billion crushes Morningstar's expectation of US$47 billion. \"TSMC's increased capex is music to the ears of wafer fab equipment makers like <a href=\"https://laohu8.com/S/LRCX\">Lam</a> Research, <a href=\"https://laohu8.com/S/ASML\">ASML</a>, and <a href=\"https://laohu8.com/S/TOELF\">Tokyo Electron</a>,\" Morningstar analyst Phelix Lee says in a note. Management's track record of conservative guidance and its thinly veiled reference to the benefits of an indirect customer, namely <a href=\"https://laohu8.com/S/META\">Meta</a>, boosts Morningstar's confidence in TSMC's future demand. Lee thinks TSMC could hit NT$8.8 trillion in sales by 2029. Lee is also more bullish about China's AI demand, with <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a> securing export licenses in the U.S. and Chinese firms' thirst for the most power-efficient chips made by TSMC, he says. Shares are last 2.4% higher at NT$1,730.00. (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  January 15, 2026 21:39 ET (02:39 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0889566641.SGD","symbol_name":"FTSF - Templeton Shariah Global Equity A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2603537019","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2603537019","pubTimestamp":1768531140,"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":"0239 GMT - TSMC's 2026 capital expenditure of between US$52 billion and US$56 billion crushes Morningstar's expectation of US$47 billion. \"TSMC's increased capex is music to the ears of wafer fab equipment makers like Lam Research, ASML, and Tokyo Electron,\" Morningstar analyst Phelix Lee says in a note. Management's track record of conservative guidance and its thinly veiled reference to the benefits of an indirect customer, namely Meta, boosts Morningstar's confidence in TSMC's future demand. Lee thinks TSMC could hit NT$8.8 trillion in sales by 2029. Lee is also more bullish about China's AI demand, with Nvidia securing export licenses in the U.S. and Chinese firms' thirst for the most power-efficient chips made by TSMC, he says. Shares are last 2.4% higher at NT$1,730.00. 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Climate Action A2 Acc USD-H","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H"},"translate_title":"台积电资本支出指引轻松超出晨星预期——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03145":0.6,"TSM":1.96},"content_text":"0239 GMT - TSMC's 2026 capital expenditure of between US$52 billion and US$56 billion crushes Morningstar's expectation of US$47 billion. \"TSMC's increased capex is music to the ears of wafer fab equipment makers like Lam Research, ASML, and Tokyo Electron,\" Morningstar analyst Phelix Lee says in a note. Management's track record of conservative guidance and its thinly veiled reference to the benefits of an indirect customer, namely Meta, boosts Morningstar's confidence in TSMC's future demand. Lee thinks TSMC could hit NT$8.8 trillion in sales by 2029. Lee is also more bullish about China's AI demand, with Nvidia securing export licenses in the U.S. and Chinese firms' thirst for the most power-efficient chips made by TSMC, he says. Shares are last 2.4% higher at NT$1,730.00. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 15, 2026 21:39 ET (02:39 GMT)\n\n\n  Copyright (c) 2026 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":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.0","shortVersion":"4.36.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2603537019","isCrawlerRequest":true}