TSMC to invest another $100 billion in US as Q2 profit blows past forecasts

16 (Reuters) - Taiwan Semiconductor Manufacturing Co pledged on Thursday to invest a further $100 billion in the U.S. state of Arizona, the company announced. The investment adds to already-announced investments of $165 billion to build chip factories there. The announcement came as TSMC posted a 77% jump in second-quarter profit to a record high of T$706.6 billion ($22 billion), beating a market forecast of T$632.6 billion. The company also raised its forecast for capital spending by up to 14% for this year to between $60 billion and $64 billion. CEO C.C. Wei told an earnings conference that the company's conviction in the multi-year AI megatrend remains very high. Wei said the investment will help further foster the development of the U.S. semiconductor ecosystem, strengthen the supply chain, and support an increasing number of high-tech, high-paying jobs in the United States. An additional four plants would probably be built in Arizona, including for advanced packaging, though the timeline would depend on the market situation. The U.S. Commerce Department said the additional investment highlights the Trump Administration's commitment to strengthening domestic manufacturing and U.S. technological leadership. TSMC expects full-year revenue in U.S. dollar terms will increase by slightly more than 40% for 2026.