AGP Executive Report
Last update: 7 hours agoTSMC’s AI-led surge: Taiwan’s chip bellwether reported record Q2 results—revenue $40.2B (+34% YoY), net profit +77%, and gross margin 67.7%—and lifted its 2026 outlook to slightly above 40% sales growth, even as chip stocks wobbled on concerns about pricing and sustainability. US fab expansion: TSMC also pledged an extra $100B for Arizona, pushing total US investment to $265B and adding more advanced manufacturing plus advanced packaging capacity, with 2026 capex raised to $60B–$64B. Next-gen process roadmap: TSMC said commercial production of its A14 process is slated for 2028, with A13/A12 following in 2029, while it works to ease tight CoWoS supply. Supply-chain ripple: Markets across Asia sold off on semiconductor weakness and renewed nerves around US-Iran tensions and shipping costs, with investors watching TSMC for the next AI demand signal. Industry expansion beyond chips: ZenaTech kept scaling Drone-as-a-Service via new land survey and geospatial acquisition offers across the US, Canada and Australia, targeting growing environmental and regulatory work in oil and gas. Trade/industrial policy abroad: India advanced “Semicon 2.0” to support design, testing and advanced packaging alongside fabs, aiming to deepen domestic chip capability. Business diversification: MasterBeef Group announced a franchise partnership to add premium Thai tea beverages and desserts in Hong Kong and Macau.
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