TSMC's Arizona Chip Investment Swells To $265 Billion Amid Blowout Profits

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Taiwan Semiconductor Manufacturing Company (TSMC) is planning to inject another $100 billion into its Arizona site to expand its U.S. chipmaking footprint, bringing its total investment to a massive $265 billion. The announcement came during an earnings call to discuss the company's latest quarterly results, in which TSMC reported a record second-quarter net profit of NT$706.56 billion, which is around $21.9 billion in U.S. currency.

"With the strong collaboration and support from our leading U.S. customers and the U.S. federal, state, and city government, we would like to announce an additional $100 billion investment in Arizona. This is to build several more semiconductor logical wafer fab for 2-nanometer and below technologies, as well as advanced packaging fabs to support the strong multi-year demand from our leading U.S. customers," TSMC CEO and Chairman Dr. C.C. Wei said.

TSMC is the biggest contract chipmaker in the world and as such, it is...

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