Taiwan Semiconductor Manufacturing (TSM, Financials), the world's largest contract chipmaker and a key supplier of advanced processors to companies such as Nvidia and Apple, said it will invest another $100 billion in the United States after strong AI demand helped drive record second-quarter profit.
The new commitment adds to the $165 billion already planned for Arizona. The company said the expansion could include four more facilities for advanced chip production and packaging, although the timing will depend on market demand.
Second-quarter profit jumped 77% from a year earlier to NT$706.6 billion, or about $22 billion. That was well above the NT$632.6 billion analysts expected.
TSMC also raised its 2026 capital spending forecast to between $60 billion and $64 billion, up from an earlier range of $52 billion to $56 billion.
Management now expects full-year revenue in U.S. dollar terms to grow slightly more than 40%, compared with its previous forecast of more than 30%.
The company continues to benefit from demand for advanced chips used in AI servers, smartphones and high-performance computing systems. Chief Executive C.C. Wei said cloud providers remain confident about AI spending, though TSMC is still being careful not to add too much capacity too quickly.