Taiwanese semiconductor giant TSMC announced yesterday that it intends to invest an additional $100 billion to expand its manufacturing capacity in the United States.
This brings the company's total investment pledges in semiconductor manufacturing within the United States to $265 billion.
The company also raised its annual revenue outlook after posting record profits driven by surging demand for artificial intelligence chips.
Taiwan Semiconductor Manufacturing Company (TSMC) is a key chip supplier to US firms Nvidia and Apple.
The company had previously pledged $165 billion in investment in the United States to build facilities in Arizona, comprising six semiconductor fabrication plants.
TSMC Chairman and Chief Executive C.C. Wei said at yesterday's quarterly earnings conference that the company would commit an additional $100 billion in investment in Arizona.
TSMC announced yesterday that it achieved record net profits of NT$706.6 billion ($22 billion) in the second quarter of 2026 (April–June), a 77% increase compared with the same period last year, surpassing analyst expectations.
The chipmaker said it would raise its 2026 annual capital expenditure budget to between $60 billion and $64 billion.