January 13, 2026 
2 min read 
The VanEck Semiconductor ETF $SMH recently reached a new all-time high, driven by major chip names. Surging demand related to artificial intelligence has prompted companies and governments to acquire more advanced semiconductors and upgrade computing infrastructure to support AI workloads.
TSMC operates as a contract manufacturer rather than a chip designer, producing the majority of the world's most advanced semiconductors. Its fabrication facilities serve clients including Apple, Intel, Nvidia, and AMD, enabling those firms to convert designs into finished chips.
Top-line growth has been strong: quarterly revenue expanded by 45% and 40% in the most recent two quarters, respectively. Net income increased at an even faster pace. The company now generates in excess of $30 billion in revenue each quarter, with roughly half of that amount remaining as after-tax profit.
Nvidia is the only company matching this level of growth, highlighting how closely the two firms' trajectories have been linked during the current demand cycle.
Earnings are scheduled on Thursday before market open.
Option market pricing for the Jan 23rd expiration implies an expected move of (+/-) $20 following the report and into the following week.
This material is provided for informational and educational purposes only and does not constitute financial advice. All investments carry risk, including the potential loss of capital.
