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TSMC CEO details 2-3 year cycle for CapEx to become capacity, significant expansion expected 2028-2029

Friday, January 16, 2026 at 04:44 PM

TSMC's CEO explained that capital expenditure increases typically take 2-3 years to translate into actual fab capacity expansion. The current CapEx of $52B-$56B will have minimal impact on supply in the current year and only a slight impact in 2027. Significant capacity increases are projected for 2028-2029, with continued expansion if AI demand grows as expected. In the short term (2026-2027), TSMC aims to improve productivity.

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