TSMC shares reached a new 52-week high in late May and early June 2026. The rally followed major investment news from Nvidia, the company’s largest customer.
Nvidia CEO Jensen Huang announced the expansion during the annual Computex conference in Taipei. The company plans to increase annual spending in Taiwan to $150 billion. Nvidia also intends to build a new local headquarters in Taiwan.
TSMC acts as the primary manufacturer for Nvidia’s advanced AI accelerators. This commitment signals sustained, high-volume demand for TSMC’s cutting-edge chip technology.