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TSMC pledges another $100bn for Arizona chip plants
The plan raises TSMC’s total US commitment to $265bn and the company reported a 77% jump in second-quarter net profits to $22bn.
TSMC said it will invest an additional $100bn in Arizona to expand its US semiconductor production, a step the US Commerce Department said will create tens of thousands of American jobs, according to BBC Business.
The upgrade lifts TSMC’s total commitment to the United States to $265bn. Chief executive C.C. Wei said the increase is likely to support four new plants in Arizona, though no timeline was provided and construction would depend on “market situation,” the outlet reported.
TSMC also tied the announcement to its latest results, saying second-quarter net profit rose 77% to $22bn from $12.4bn a year earlier. BBC Business noted TSMC supplies advanced chips used by companies including Nvidia and Apple.
The company’s move aligns with President Donald Trump’s push to expand advanced manufacturing in the US after pandemic-era chip shortages highlighted supply-chain risks. BBC Business added that the US previously agreed to cut tariffs on some Taiwanese goods to 15% in exchange for hundreds of billions of dollars in semiconductor investment.