Summary

A 7.1 earthquake struck TSMC's Kumamoto fab five days after the company raised its 2026 capex guidance to $60-64 billion.

• ⚠️ A magnitude-7.1 earthquake struck TSMC's Kumamoto (JASM) fab on July 28.
• 💰 TSMC raised its 2026 capital-expenditure guidance to $60-64 billion at its July 23 print.
• 🏗️ The quake landed just five days after that capex raise, pairing a supply-chain shock with the same week's expansion news.

👀 Whether the Kumamoto quake disrupts output at a fab feeding the AI buildout, and whether CoWoS packaging, not wafer capacity, remains chipmaking's real constraint.