TSMC Allocates Nearly Half of $40.9 Billion Budget to Advanced-Process Equipment

Taiwan Semiconductor Manufacturing Company Limited approved a capital budget of about $40.927 billion on Tuesday, Nov. 10, with about 48% allocated to equipment for advanced-process capacity.

The $19.442 billion allocation is the largest of four listed categories. The others are $10.807 billion for property and capitalized lease assets, $4.626 billion for advanced-packaging and mature or specialty-process equipment, and $6.051 billion for equipment tied to 2027 research and recurring capital budgets.

The four listed allocations total $40.926 billion at the reported precision. The authorization was about $40.927 billion.

The November authorization was about 2.7 times the $14.982 billion approved at the board’s November 2025 meeting. TSMC’s four capital-budget approvals in 2026—in February, May, August and November—total about $146.6 billion.

The budget is an authorization for spending over time, not a one-year spending target. Funds are expected to be used as construction advances and equipment is delivered.

The same board meeting also authorized up to $500 million each for Anthropic and OpenAI, plus up to $500 million for an investment company.