Home / Business and Economy / TSMC Boosts US Chip Investment by $100 Billion
TSMC Boosts US Chip Investment by $100 Billion
16 Jul
Summary
- TSMC announced an additional $100 billion investment in US chip manufacturing.
- This investment supports surging demand from leading US tech customers.
- Company reports record profits amid strong AI-driven revenue growth.
Taiwan Semiconductor Manufacturing Co. (TSMC) has committed an additional USD 100 billion to expand its chip manufacturing capacity within the United States. This latest pledge brings the company's total investment in US chipmaking to an estimated USD 265 billion.
The substantial investment is intended to "support the strong multiyear demand from our leading US customers," according to TSMC's chairman and CEO, C C Wei. He also expressed confidence that this initiative will foster the US semiconductor ecosystem and create numerous high-tech jobs.
The surge in investment follows record profits for TSMC in the April-June quarter, with net profit reaching USD 22 billion, a 77 percent increase year-over-year. This performance underscores the booming demand for semiconductors, largely driven by the rapidly expanding field of artificial intelligence.
TSMC is a critical supplier for major technology firms like Nvidia and Apple. The company is also increasing its annual capital expenditure budget to between USD 60 billion and USD 64 billion, signaling aggressive growth plans. This expansion includes fabrication plants in the US, Japan, and Taiwan, reinforcing its global manufacturing footprint.
