TSMC to Invest Additional US$100 Billion in U.S. Chip Manufacturing

Taiwan Semiconductor Manufacturing Co. (TSMC) will invest an additional US$100 billion in Arizona as it expands semiconductor production in the United States, a move that the U.S. Commerce Department said will create tens of thousands of jobs, Shanez Musafer reported for BBC News.

TSMC plans to expand its Arizona operations with four additional semiconductor manufacturing plants. (Photo: TSMCinJapan X)

The new investment increases TSMC's total U.S. commitment to US$265 billion, with Chief Executive Officer C.C. Wei saying the expansion is expected to include the construction of four additional manufacturing plants in Arizona.

TSMC manufactures many of the world's most advanced semiconductors designed by companies such as Apple and Nvidia, making the announcement a significant boost for U.S. efforts to expand domestic semiconductor production.

The company also reported a 77% increase in second-quarter net profit, with earnings rising to US$22 billion from US$12.4 billion during the same period a year earlier.

Strong global demand for artificial intelligence infrastructure and advanced chips has continued to support TSMC's growth, helping make it Asia's most valuable publicly traded company.