DAILY SITUATION RECAP: TSMC raises its outlook. The semiconductor manufacturing giant expects to spend $60-64 billion a year on capex and is projecting over 40% year-over-year revenue growth. It reported a 77.4% increase in quarterly net income. TSMC also announced an additional $100 billion investment in US chipmaking capacity, increasing the total to $265 billion, in order to reduce reliance on Taiwan. Japan creates an AI consortium, Noetra, to eventually build physical AI models.…