# TSMC Just Announced Fantastic News for Nvidia Shareholders

_Friday, July 17, 2026 at 8:00 AM EDT · Infrastructure · Latest · Tier 2 — Notable_

![TSMC Just Announced Fantastic News for Nvidia Shareholders — Primary](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F879229%2Fgettyimages-2078917109-1201x706-e21c547.jpg&w=1200&op=resize)

TSMC just reported quarterly earnings, and both revenue and profit blew past estimates. The company said it will increase its manufacturing investment in Arizona by $100 billion, bringing its total investment there to $265 billion. TSMC chief executive officer C.C. Wei said that signals from customers and their customers, mainly cloud players, are "very strong." In the second quarter, TSMC's revenue soared 33% to more than $40 billion, and earnings per share jumped 77% to $4.31. The company forecasts third-quarter revenue in the range of $44.6 billion to $45.8 billion.

## Sources

- [fool.com](https://www.fool.com/investing/2026/07/16/tsmc-just-announced-fantastic-news-for-nvidia-shar/)

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Retrieved: 2026-07-17T10:43:23.625Z
Publisher: Tech & Business (techandbusiness.org)