Taiwan Semiconductor Manufacturing Company announced a significant new investment. The company plans to spend an additional one hundred billion dollars in the United States. This latest commitment brings their total US chipmaking investment to two hundred sixty-five billion dollars. TSMC also raised its annual revenue forecast after booking record profits. Runaway demand from the artificial intelligence boom fueled these strong financial results.

Wei said “probably four more fabs will be built” in the US state

TSMC is investing an additional $100 billion in Arizona to expand advanced chip production, strengthen US semiconductor manufacturing, and meet growing AI demand.

Taiwanese chipmaker raises full-year capex to $64bn, revenue growth forecast to 40%