TSMC capex seen reaching $80 billion-$85 billion in 2027 as AI demand grows

The latest Dow Jones Newswires Market Talks highlighted diverging developments across technology, media and telecommunications. Bank of America expects Taiwan Semiconductor Manufacturing’s capital expenditure to reach US$80 billion to US$85 billion in 2027, above the US$75 billion Wall Street consensus, and maintained its buy rating and NT$3,100 target price on expectations for strong AI demand. Kuaishou Technology was downgraded to hold from buy by Daiwa, which cited e-commerce and advertising weakness and forecast a 10% year-on-year decline in second-half gross merchandise value (GMV). In Malaysia, Rakuten Trade said AI investment could expand beyond data centers into semiconductor equipment, automation and advanced manufacturing.

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