Taiwanese chipmaker TSMC will invest an additional $100 billion in the U.S. state of Arizona, the company said Thursday, as it reported a record quarterly net profit on the back of massive demand for AI hardware.
TSMC, the biggest contract maker of microchips used in everything from Apple phones to Nvidia processors, has been a major beneficiary of the global AI race.
Governments and tech giants are pouring huge sums into building data centers that can train and run AI tools such as chatbots, image generators and agents that can execute tasks.
This has turbocharged business for chipmakers such as TSMC, creating shortages and sending prices soaring.
"The AI megatrend continues to drive the need for more and more computation," chairman CC Wei told an earnings call.
