People attend the 2026 second quarter earnings conference of Taiwan Semiconductor Manufacturing Company (TSMC) in Taipei on July 16, 2026. Taiwanese chipmaker TSMC reported on July 16, 2026 a record net profit for the second quarter, fuelled by massive demand for artificial intelligence hardware. (Photo by I-Hwa Cheng / AFP via Getty Images)

(FILES) The logo of the Taiwan Semiconductor Manufacturing Company (TSMC) is seen at its 2-nanometer fabrication plant at Nanzih Technology Industrial Park in Kaohsiung on December 23, 2025. Taiwanese chipmaker TSMC reported on July 16, 2026 a record net profit for the second quarter, fuelled by massive demand for artificial intelligence hardware. (Photo by I-Hwa Cheng / AFP via Getty Images)

(FILES) The logo of Taiwan Semiconductor Manufacturing Comapny (TSMC) is seen at the Sheraton Hsinchu Hotel where the company held its annual shareholders' meeting in Hsinchu on June 3, 2025. Taiwanese chipmaker TSMC reported on July 16, 2026 a record net profit for the second quarter, fuelled by massive demand for artificial intelligence hardware. (Photo by I-Hwa Cheng / AFP via Getty Images)

(FILES) A sample of a semiconductor chip made by Taiwan Semiconductor Manufacturing Company (TSMC) is displayed at the Cybersec 2025 conference and expo in Taipei on April 15, 2025. Taiwanese chipmaker TSMC reported on July 16, 2026 a record net profit for the second quarter, fuelled by massive demand for artificial intelligence hardware. (Photo by I-HWA CHENG / AFP via Getty Images)

People walk near the entrance of the the Shanghai World Expo Exhibition and Convention Center, venue for the World Artificial Intelligence Conference (WAIC) in Shanghai on July 16, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

Workers stand next to signage for the World Artificial Intelligence Conference (WAIC) in Shanghai on July 16, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People walk past signage for the World Artificial Intelligence Conference (WAIC) in Shanghai on July 16, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)

People walk past signage for the World Artificial Intelligence Conference (WAIC) in Shanghai on July 16, 2026. (Photo by Hector RETAMAL / AFP via Getty Images)