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Taiwan's TSMC pledges another $100 billion to expand its US chipmaking capacity
AP News • • general
Key Points:
- Taiwan's TSMC announced plans to invest an additional $100 billion in expanding its U.S. manufacturing capacity, bringing total U.S. investment commitments to $265 billion.
- The company is increasing its annual capital expenditure budget to $60-$64 billion for 2024, up from a previous estimate of $52-$56 billion, driven by strong AI-related demand.
- TSMC plans to build four more advanced chip fabrication plants in Arizona, focusing on 2-nanometer and smaller chip technologies, to support growing demand from U.S. customers like Nvidia and Apple.
- The company reported record quarterly profits of $22 billion (706.6 billion TWD), a 77% increase year-on-year, and raised its 2026 revenue growth forecast to above 40%.
- TSMC's expanded investments aim to strengthen the U.S. semiconductor ecosystem, supply chain resilience, and create high-tech jobs amid the ongoing AI computing boom.
