Taiwan Semiconductor Manufacturing Co (TSMC) announced on Thursday that it will invest an additional $100 billion in its operations in Arizona. This commitment adds to the $165 billion already pledged for the construction of chip manufacturing facilities in the state. TSMC CEO C.C. Wei stated that the investment is intended to strengthen the U.S. semiconductor supply chain and could result in the construction of four additional plants, depending on market conditions.
The company also reported record financial results for the second quarter, with profits rising 77% to T$706.6 billion ($22 billion). This figure exceeded market expectations of T$632.6 billion. Following these results, TSMC increased its 2026 capital expenditure forecast to a range of $60 billion to $64 billion and projected that full-year revenue will grow by more than 40%.
The U.S. Commerce Department stated that the investment supports the administration's goal of increasing domestic manufacturing and technological leadership. The announcement follows statements by President Donald Trump regarding the importance of expanding U.S. semiconductor capacity. Economists noted that the expansion aligns with a reciprocal trade agreement signed earlier this year between the United States and Taiwan.