Taiwan computer chipmaker TSMC pledges another $100 billion to expand US chipmaking capacity - AP News
TSMC has announced an additional $100 billion investment to expand its U.S. chip manufacturing capacity, bringing its total commitment to $265 billion. The expansion aims to meet the surging demand for advanced AI-related computing power.
Why it matters
This massive investment underscores the strategic importance of domestic semiconductor manufacturing in the global AI supply chain.
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HONG KONG (AP) — Major Taiwan computer chipmaker TSMC said Thursday it plans to spend another $100 billion on expanding its manufacturing capacity in the United States.
The latest commitment appears to bring the company’s total pledges for investment in U.S. chipmaking to $265 billion. The company also raised its annual revenue forecast after booking record high profits thanks to runaway demand from the boom in artificial intelligence.
The world’s largest contract chip manufacturing and one of the world’s most valuable companies, TSMC is seen as a barometer for the global chip industry and for AI at a time when worries about a potential AI bubble have been buffeting financial markets.
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