According to the Financial Times, Taiwan Semiconductor Manufacturing Company (TSMC) plans to invest an additional $100 billion to expand chip production in the United States, bringing its total US investment to $265 billion. The expansion includes four new production plants in Arizona, featuring advanced 2-nanometer and smaller chip manufacturing as well as advanced packaging facilities, supporting US efforts to boost domestic semiconductor production.
TSMC also reported a 77% increase in second-quarter profit, driven by strong demand for artificial intelligence chips. The company raised its revenue and capital spending forecasts, saying it expects AI-related demand to remain strong through 2029–2030.
However, TSMC noted that expanding manufacturing outside Taiwan is expected to weigh on profit margins in the second half of the year.
