TSMC’s 3nm utilization reportedly tops 120% as AI demand drives a $190B capex cycle
tengyanAI · x · 2026-07-21
TSMC’s 3nm lines are reportedly running above 120% utilization this year and still above 110% next year, with 3nm revenue expected to more than double and exceed 30% of total revenue.
JPMorgan estimates cumulative 2026-2028 capex at nearly $190B, roughly double the prior three-year cycle. The post says AI customers are paying hot-run premiums to jump the queue for N3 and N2 slots, implying a multi-year demand floor for equipment makers and advanced packaging suppliers.
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