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TSMC plans additional $100 billion investment in Arizona after profit jump
The plan comes after TSMC reported second-quarter profit that rose 77%, following June revenue figures released earlier this week.
TSMC will invest an additional $100 billion in Arizona, the company announced after posting strong financial results.
CNBC Markets reports that the investment follows TSMC’s second-quarter profit surge of 77%, after the company also released June revenue figures earlier this week.
The announcement ties TSMC’s U.S. expansion plan to the latest quarter’s earnings momentum, as the company outlines further spending in Arizona.