According to the Bank of America Securities Research Report, TSMC's board of directors recently approved a capital budget of 41 billion US dollars, driving an 116% year-on-year increase in the approved 2026 budget. Of this, 56% was used to expand and upgrade advanced pre-production processes, accounting for a new high since 2022, reflecting the accelerated expansion of 3 nm and 2 nm production capacity. TSMC's cumulative approved capital budget growth rate has risen to 50% year over year, higher than the long-term trend of 40% to 45%. Bank of America predicts that capital expenditure in 2027 may reach 80 billion to 90 billion US dollars, higher than the 2026 forecast of 62 billion US dollars; the bank currently predicts 83 billion US dollars in 2027, and the market agrees that it is about 80 billion US dollars.

According to the Bank of America Securities Research Report, TSMC's board of directors recently approved a capital budget of 41 billion US dollars, driving an 116% year-on-year increase in the approved 2026 budget. Of this, 56% was used to expand and upgrade advanced pre-production processes, accounting for a new high since 2022, reflecting the accelerated expansion of 3 nm and 2 nm production capacity. TSMC's cumulative approved capital budget growth rate has risen to 50% year over year, higher than the long-term trend of 40% to 45%. Bank of America predicts that capital expenditure in 2027 may reach 80 billion to 90 billion US dollars, higher than the 2026 forecast of 62 billion US dollars; the bank currently predicts 83 billion US dollars in 2027, and the market agrees that it is about 80 billion US dollars.