TSMC has raised its 2026 sales growth forecast to 44 percent, according to a report by Focus Taiwan. The upward revision signals stronger expected demand across the world's largest contract chipmaker's customer base — and it arrives without a matching increase in capital expenditure.

What did TSMC change?

The company lifted its revenue growth projection for 2026 to 44 percent. That figure now stands as the official top-line guidance for the coming year.

Alongside the forecast change, TSMC left its capital expenditure plan unchanged. The decision not to raise spending alongside a higher growth outlook is the second concrete fact of the announcement, and it carries weight for equipment suppliers, packaging partners and industry analysts tracking the pace of capacity build-out.

The move was reported by Focus Taiwan on the wire.

Why does the capex decision matter?

For a foundry of TSMC's scale, sales guidance and capex normally move together. Higher revenue forecasts typically justify — or require — heavier investment in fabs, lithography tools and advanced packaging lines.

Here, the two figures diverge. A 44 percent growth forecast paired with flat capital spending implies TSMC expects to extract more revenue from capacity it has already funded or committed to, rather than from a new wave of construction.

That divergence feeds directly into several market segments:

• Equipment vendors: an unchanged capex line removes a potential upside catalyst for tool suppliers who price orders against foundry spending plans.
• Competing foundries: a flat spending envelope sharpens the question of how rivals allocate their own 2026 budgets.
• Customers: unchanged capacity investment, against sharply higher expected sales, tightens the arithmetic on who secures advanced-node allocation next year.

The takeaway: TSMC raised what it expects to sell without raising what it plans to spend.

What does the forecast imply for the supply chain?

A 44 percent growth number from the dominant foundry is a demand signal for the entire semiconductor value chain. Contract chipmakers sit downstream of chip designers and upstream of electronics assemblers, so their revenue outlooks function as a proxy for orders across phones, data centers, vehicles and AI accelerators.

The combination of the two figures — sharply higher sales, flat capex — suggests TSMC sees the demand as serviceable with its existing investment trajectory. Whether that holds depends on yields, tool lead times and node transitions through 2026, none of which the announcement addressed.

Focus Taiwan carried the report; TSMC has not, in this item, detailed segment-level or customer-level assumptions behind the revision.

The bottom line: the world's largest contract chipmaker now expects 44 percent sales growth in 2026 — and plans to fund it with the capital budget it already had.