TSMC is set to expand its $165 billion U.S. investment — here’s what we know

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Buoyed by yet another blockbuster earnings report and a new U.S.-Taiwan trade agreement, Taiwan Semiconductor Manufacturing Co.

is poised to accelerate its multibillion-dollar expansion in Arizona.

The world’s largest contract chipmaker has already committed $165 billion in the U.S., aligning with Washington’s push to rebuild its domestic chip manufacturing. But TSMC executives have signaled that spending will rise even further as the company expands capacity to meet demand for artificial intelligence chips.

Speaking Thursday with CNBC’s Emily Tan, TSMC Chief Financial Officer Wendell Huang said the firm would continue to ramp up its investments in Arizona.