New Delhi, Jan. 16 -- Taiwan Semiconductor Manufacturing Co. (TSMC) projects its sales to grow by nearly 30 per cent in 2026, driven by robust demand for artificial intelligence (AI) and a recovery in non-AI applications. The company also plans to expand its capital expenditure by as much as 37 per cent to accommodate client requirements, according to a report by Focus Taiwan.

During an investor conference on Thursday, TSMC Chairman and CEO C.C. Wei forecast sales growth of almost 30 per cent in 2026 in U.S. dollar terms. This projection significantly exceeds the 14 per cent growth anticipated for the broader global pure play wafer foundry market.

Wei noted that while the market is currently experiencing an "AI megatrend," the long-term...