businessSource: CNBCPublished
TSMC Doubles Down on Arizona Investment
business · CNBCTaiwan Semiconductor Manufacturing Co has announced a significant expansion of its operations in Arizona, with plans to invest an additional $100 billion. This move comes as the company reports a substantial increase in profit, driven by strong demand for its AI-related products.
At a glance
- TSMC's second-quarter profit soared 77.4% year-over-year, exceeding estimates.
- The company will invest $100 billion in Arizona to meet strong customer demand, bringing its total investment to $265 billion.
- TSMC's revenue for the third quarter is forecast to range between $44.6 billion and $45.8 billion.