Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) is adding US$100 billion to its investments in Arizona to meet strong demand from US customers and to ward off ambitious rivals, a senior executive said last week.The company, fresh off reporting expectation-beating sales and profit for the June quarter and increasing its growth forecasts, still sees challenges in fulfilling all customer orders. The artificial intelligence (AI) megatrend, as TSMC has taken to calling it, is going to drive growth for the company through at least the next few years.“We are doing everything we can, wherever we can, to expand to support the customers’ growth,” TSMC chief financial officer Wendell Huang (黃仁昭) said in an interview on Friday.
FILE PHOTO: TSMC Senior Vice President and Chief Financial Officer Wendell Huang look on as he speaks to reporters during the company`s second-quarter earnings conference in Taipei, Taiwan, July 16, 2026.
The company faces growing competition from Intel Corp and Elon Musk’s Terafab. To that Huang added that TSMC wants to “also demonstrate that we do not intend to leave any food on the table to anybody else.”The main chipmaker for Nvidia Corp and Apple Inc confirmed the additional investment during its earnings conference on Thursday, after Bloomberg News reported that the company’s increasing its total commitment in the US to US$265 billion as part of a larger trade deal between Washington and Taipei.
