C.C. Wei announced that Taiwan Semiconductor Manufacturing Co., Ltd. will invest an additional $100 billion to expand its manufacturing capacity in the United States.
C.C. Wei, chairman and CEO of Taiwan Semiconductor Manufacturing Co., Ltd., announced that the company will spend an additional $100 billion to expand its U.S. manufacturing capacity. This commitment brings the company's total investment pledges for U.S. chipmaking to $265 billion. The expansion will primarily focus on building four new fabrication plants in Arizona to produce advanced 2-nanometer chips. The investment follows a period of record-high profits driven by the artificial intelligence boom. During a quarterly earnings conference, C.C. Wei reported that the company is increasing its annual capital expenditure budget to $60 billion–$64 billion. He noted that the "AI megatrend" continues to drive a robust need for computation through at least 2030. The move aligns with a previous agreement under the administration where Taiwan promised $250 billion in tech investments to the U.S. in exchange for reduced tariffs. While the company raised its revenue growth projections to over 40%, its stock saw a slight premarket decline as investors took profits following the strong results.