TSMC Board Approves $29.44B CapEx, Sony JV, and Record Q2 2026 Results Amid AI Boom

Sony JV for Next-Generation Image Sensors in Kumamoto

The board approved TSMC's investment of ¥282 billion (approx. US$1.77 billion) to form a joint venture with Sony Semiconductor Solutions . Key details:

• The JV is named Advanced Vision Semiconductor Manufacturing Corporation, owned roughly 60% by Sony and 40% by TSMC
• Total combined investment is approximately ¥1 trillion (~$6.3 billion)
• The venture will develop and manufacture next-generation image sensors for smartphones in Kumamoto Prefecture, Japan
• Mass production is targeted to begin in 2029
• The board's approval converted the earlier non-binding MOU (signed May 8, 2026) into a legally binding definitive agreement

Q2 2026 Record Quarterly Earnings

The board ratified the Q2 2026 financial statements, which were the strongest in the company's history:

Revenue rose 36% year-over-year to a record high, while net income surged 77.4%, marking the fifth consecutive record quarterly profit . The results were driven by relentless demand for AI chips, including strong 2nm and 3nm wafer shipments .

NT$7.0 Per Share Dividend

The board approved a cash dividend of NT$7.0 per share for the second quarter of 2026, consistent with TSMC's policy of distributing predictable and sustainable quarterly dividends .

AI-Driven Demand Context

Every major board decision is tied to a structural AI boom:

• Capital spending was raised to $60–$64 billion for the full year to build out capacity for AI and HPC customers, including emerging Agentic AI demand
• The company also announced a separate additional $100 billion investment in Arizona for advanced fab expansion
• CEO C.C. Wei noted that AI-related demand continues to outpace supply, driving record utilization and margins across advanced nodes