TSMC Post-Earnings | CapEx Beneficiaries Outside US

Описание: TSMC ($TSM) reported Q1 2026 earnings — $35.9 billion in revenue, net profit up 58% year over year, and a CapEx budget tracking toward $56 billion for the year alone. More than half of what they spent over the entire last three years combined.

But almost nobody is talking about where that money actually goes. TSMC isn't spending $56 billion on chips. They're spending it on everything that makes advanced chips possible — the substrates, the inspection tools, the advanced packaging infrastructure, the thermal systems. And that capital flows to a group of companies in Japan, Taiwan, and Israel that most US investors have never looked at.

In this breakdown I map out where TSMC's capital could potentially land, walk through four supply chain segments worth understanding, and explain why — if you're building a portfolio designed to make work optional — the most interesting names may be found outside the U.S..

🔔 Subscribe for breakdowns on tech trends and how they impact your investment portfolio: https://www.youtube.com/c/KohKim?sub_...
📩 Free weekly newsletter — fundamental analysis on the structural shifts shaping markets: https://newsletter.resetandinvest.com
📱 Follow me on Instagram:   / koh_kim  

📋 TIMESTAMPS
0:00 — Where TSMC's $56 billion actually goes
0:33 — What TSMC does + Q1 earnings breakdown
1:03 — The agentic AI quote that changes the demand story
4:00 — Segment 1: IC Substrates
5:08 — Segment 2: Advanced Packaging Inspection
6:24 — Segment 3: ASIC Design Services
7:21 — Segment 4: Thermal & Power
7:40 — Why non-US listed names? The valuation gap argument
8:22 — Risks: Taiwan, Strait of Hormuz, and valuation

⚠️ DISCLAIMER: Nothing in this video is financial advice. I am not a financial advisor or licensed investment professional. This content is for informational and educational purposes only and reflects my personal research and perspective. It is not a recommendation to buy or sell any security. Always do your own research and consult a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal.