TSMC Starts Year With Revenue Milestone and Record Capex Plan

Key figures at a glance
- January net revenue: NT$401,26 billion (+36,8% year over year, +19,8% from December)
- Capex approved: around $44,962 billion (record)
- Capital injection to subsidiary TSMC Global Ltd.: up to $30 billion
- Q4 2025 dividend: NT$6,0 per share (record date: June 17; payout: July 9)

January performance reinforces the AI-driven growth impulse

TSMC reported a consolidated net revenue of NT$401,26 billion for January, which equates to roughly $12,7 billion. This marks a year-over-year gain of 36,8% and a month-over-month increase of 19,8%. Management attributes the strength primarily to sustained demand for advanced semiconductors, with particular support from AI-related applications. The January figures also exceeded the company’s earlier guidance of around 30% growth for the full year.

Record capex authorization: nearly $45 billion

In the February 10 session, the board approved capital expenditures of about $44,962 billion, the largest single investment authorization in TSMC’s history. The funds are earmarked for multiple areas:
- Building out and upgrading capacity for advanced technologies
- Expansion in Advanced Packaging and in mask-related capabilities
- Fab construction and the installation of critical equipment and facility systems

A rough allocation framework accompanying the plan indicates:
- 70–80% of the new budget to leading process nodes
- 10–20% to Advanced Packaging and mask fabrication
- The remainder allocated to specialty technologies

Should investors sell immediately? Or is it worth buying TSMC?

Up to $30 billion for the group’s financial structure

Additionally, the board authorized a capital contribution of up to $30 billion to TSMC Global Ltd., the company’s wholly owned subsidiary. The stated aim is to reduce currency hedging costs and optimize the corporate group’s global financial architecture.

Dividends and 2025 full-year results

For Q4 2025, TSMC approved a quarterly dividend of NT$6,0 per share. The record date for shareholders is June 17, with the payout scheduled for July 9.

For the full year 2025, TSMC reported revenue of NT$3,809,05 billion and net income of NT$1,717,88 billion. The diluted earnings per share stood at NT$66,25.

Market reaction

Following the dividend announcement, the stock rose by about 3,4% in what was described as a positive market response.