Taiwan Semiconductor Manufacturing Company said on Thursday it will invest an additional $100 billion in the U.S., deepening its pledge to manufacture the world’s most advanced chips in Arizona as demand for AI infrastructure surges.
The expansion will add at least four chip plants and advanced-packaging facilities, bringing TSMC’s announced U.S. investment to $265 billion. The new factories will use 2-nanometer or more advanced technology, CEO C.C. Wei said, without giving a timeline for the construction, which he said will depend on market demand.
The U.S. expansion is part of TSMC’s broader increase in spending to meet demand from customers including Nvidia and Apple. TSMC raised its 2026 capital expenditure forecast to $60 billion to $64 billion from $52 billion to $56 billion, while lifting its projected revenue growth in U.S. dollar terms to slightly above 40% from more than 30%. The company reported revenue in the second quarter rose 33.7% to $40.2 billion from a year ago, while net income jumped 77.4% to about $22 billion.
Customers were pressing TSMC to expand capacity, while inflation had increased the cost of chipmaking equipment. TSMC is pushing back against proposed price increases from ASML, its main supplier of the lithography machines used to make advanced chips, #Taipei Tech Forum
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