New York, Jan 25, 2026, 16:26 EST — Market closed.
- TSMC’s shares listed in the U.S. ended the session 2.3% higher, closing at $334.87
- Attention shifts to the Fed decision and Big Tech earnings next week
- Taiwan signaled interest in boosting chip investment in Arizona amid ongoing trade and tariff tensions
Taiwan Semiconductor Manufacturing Co’s U.S.-listed shares climbed 2.3% on Friday, closing at $334.87. The stock finished the week on a strong note ahead of a busy period for markets.
U.S. markets are closed for the weekend, but investors are already eyeing key upcoming dates: the Federal Reserve’s January 27–28 meeting, Microsoft’s earnings report after the close on Jan. 28, and Apple’s quarterly call on Jan. 29. For TSMC, whose clients dominate AI and high-end computing sectors, these events could quickly shift market expectations. (Federal Reserve)
Friday’s rebound followed a volatile week for stocks, with Intel plunging sharply on a grim outlook even as some megacaps managed to hold steady. Jason Blackwell, chief investment strategist at Focus Partners Wealth, said investors were feeling “pretty good” about the overall environment. At the same time, Janus Henderson’s Julian McManus called it a “show-me” moment for pricey AI-linked names, as markets wait for revenue growth to justify the recent surge. (Reuters)
TSMC finds itself at the heart of a growing U.S.-Taiwan effort to expand chip production on American soil. Taiwan President Lai Ching-te told Arizona Senator Ruben Gallego during a visit that he hopes to boost semiconductor manufacturing and R&D around Phoenix. This comes as TSMC moves forward with its $165 billion investment project in Arizona, Reuters reported. (Reuters)
A regulatory filing on Friday revealed shifts in governance at a major U.S. branch. TSMC announced that TSMC North America appointed Sylvia Fang and Sajiv Dalal as directors, effective Jan. 23, succeeding David Keller, who has stepped down after completing his term. (SEC)
The bigger picture still revolves around capacity and spending. Earlier this month, TSMC posted a record quarterly profit and set its 2026 capital spending forecast between $52 billion and $56 billion. The company also predicted 2026 revenue would jump nearly 30% in U.S. dollar terms, driven by what it calls an “AI mega trend.” CEO C.C. Wei flagged concerns about potentially overshooting investment. Ben Barringer at Quilter Cheviot noted that “TSMC ultimately benefits” as chip designers battle for market share. (Reuters)
That combination is what lets the stock act as a barometer for the entire chip cycle — and why just a couple of comments on a customer earnings call can hold as much weight as any statement from TSMC itself.
But the downside risk is clear. Should the Fed hold rates elevated for an extended stretch, or if Microsoft and Apple hint at weaker hardware demand or cutbacks, investors might rapidly lose patience with lofty chip valuations. Geopolitical tensions and tariff news add another layer of uncertainty.
Traders will be watching closely next week for any change in the Fed’s tone and updates from customers on data-center expansions and device demand. After that, the next major company report to watch is TSMC’s monthly sales figures for January, coming out Feb. 10. (TSMC)
