Chip giant TSMC pledges another $100bn to expand US production
Summary
Taiwan's chipmaker TSMC plans to invest an extra $100 billion in building new factories in Arizona, increasing its total US investment to $265 billion. This expansion is expected to create tens of thousands of jobs and support the US semiconductor industry.Key Facts
- TSMC is a leading maker of advanced semiconductor chips for companies like Nvidia and Apple.
- The new $100 billion investment will likely fund four new plants in Arizona.
- This raises TSMC’s total US investment commitment to $265 billion.
- TSMC’s profit for the April to June quarter rose 77%, reaching $22 billion.
- Demand for chips has increased because they power AI centers and smart devices.
- The US government supports this investment to boost domestic semiconductor production and reduce supply chain risks.
- President Donald Trump has promoted domestic chip manufacturing and influenced TSMC’s decision through trade deals and tariff threats.
- Commerce Secretary Howard Lutnick said the investment will create many high-paying American jobs.
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