Hedge fund billionaire Daniel Loeb‘s Third Point raised its stake in Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) by 67% in the second quarter, holding 460,000 shares as of June 30 versus 275,000 at the end of March, according to the firm’s latest 13F filing.
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The company disclosed that July revenue jumped 44.7% year over year to 467.58 billion New Taiwan dollars and rose 5.6% from June. Revenue for the first seven months of 2026 climbed 37% to 2.872 trillion New Taiwan dollars. The company last month also raised its 2026 capital spending forecast to a record $60 billion to $64 billion as strong AI chip demand continues.
TSMC reported second-quarter net income of NT$706.56 billion ($22 billion), up 77.4% from a year earlier and well above the NT$632.64 billion analysts had expected. Revenue rose to NT$1.27 trillion ($39.45 billion) during the April-June period, topping the consensus estimate of NT$1.264 trillion and increasing 36% from NT$933.79 billion in the same quarter last year.
The company’s Arizona operations generated about NT$36.1 billion ($1.13 billion) in cumulative profit in the first half of 2026, more than double the NT$16.1 billion ($504.6 million) recorded for all of 2025. The plant reported roughly NT$18.8 billion ($589.2 million) in first-quarter profit, including NT$16.9 billion ($529.66 million) in investment income.
