HONG KONG — Taiwan Semiconductor Manufacturing Co. (TSMC) said it will invest an additional $100 billion to expand semiconductor manufacturing capacity in the United States, lifting its total pledged U.S. investment to about $265 billion as the world's largest contract chipmaker accelerates production to meet surging demand for advanced artificial intelligence chips.
The company announced the commitment alongside its quarterly earnings, during which it reported record profit and raised its revenue outlook for 2026, citing sustained demand from AI-related applications and data center operators. TSMC also increased its annual capital expenditure forecast to between $60 billion and $64 billion from a previous estimate of $52 billion to $56 billion.
Chairman and Chief Executive C.C. Wei said the additional investment would support "the strong multiyear demand from our leading U.S. customers." TSMC said the expansion is expected to include four additional fabrication plants in Arizona focused on manufacturing leading-edge chips using 2-nanometer technology and more advanced processes.
The latest pledge builds on TSMC's existing U.S. manufacturing program in Arizona, where the company had previously committed $165 billion for semiconductor fabrication and advanced packaging facilities. The expanded investment would further strengthen domestic production capacity for customers including Nvidia and Apple, both major users of TSMC's advanced manufacturing technologies.
The White House and the U.S. Department of Commerce welcomed the announcement, saying the investment would expand the domestic semiconductor supply chain and support additional manufacturing jobs. U.S. officials said the commitment forms part of broader efforts to increase advanced chip production in the United States.
TSMC's expansion comes as governments and technology companies seek to diversify semiconductor manufacturing beyond East Asia while demand for AI processors continues to accelerate. The company is widely regarded as the leading producer of cutting-edge chips used in artificial intelligence, smartphones and high-performance computing.
The announcement followed TSMC's stronger-than-expected quarterly results, with the company reporting record earnings driven by robust orders for AI-related semiconductors. Executives said the pace of construction for the new U.S. facilities would depend on customer demand and market conditions, while reaffirming the company's commitment to expanding its Arizona operations.
