TSMC to invest $100 billion in Arizona, expanding chip manufacturing in America

Taiwan Semiconductor Manufacturing Company said it will invest $100 billion to expand its manufacturing operations in Arizona. The investment is on top of the $165 billion TSMC had already promised for building chip factories in the U.S. CEO C.C. Wei said the new investment would likely include four more plants in Arizona, including facilities for advanced packaging, adding to the eight already planned. He noted the timelines for these additional plants would depend on how market conditions play out. TSMC raised its forecast for capital spending by up to 14% this year. The company's second-quarter profit jumped 77% to a record T$706.6 billion ($22 billion), beating market forecasts of T$632.6 billion and marking its ninth straight quarter of double-digit growth. TSMC also increased its capital spending forecast to between $60 billion and $64 billion, well above its previous guidance of $52 billion to $56 billion. Wei said the investment will help to 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. The U.S. Commerce Department said TSMC's additional investment highlights the Trump administration's commitment to strengthening domestic manufacturing and U.S. technological leadership through strategic partnerships and investment.