In brief
Taiwan Semiconductor Manufacturing Co. (TSMC) has pledged an additional $100 billion to build four new semiconductor plants in Arizona, raising its total U.S. investment to $265 billion. The move comes after a 77% rise in second‑quarter net profits, with earnings jumping to $22 billion from $12.4 billion a year earlier. TSMC’s advanced chips power key U.S. tech firms such as Nvidia and Apple, strengthening the domestic supply chain and supporting high‑tech jobs. President Trump and Commerce Secretary Howard Lutnick welcomed the plan, citing it as evidence of U.S. manufacturing revival and a boost to the economy.
Taiwan’s chipmaker TSMC will invest an extra $100 billion in Arizona, expanding its U.S. operations and creating tens of thousands of high‑paying jobs.
TSMC, which fabricates the most advanced chips for companies such as Nvidia and Apple, said the new investment will bring four additional plants to Arizona. The total U.S. commitment now stands at $265 billion.
The announcement followed a 77% jump in TSMC’s second‑quarter net profits, with earnings rising to $22 billion from $12.4 billion a year earlier.
“We believe this investment will help foster the development of the U.S. semiconductor ecosystem, strengthen the supply chain, and support an increasing number of high‑tech, high‑paying jobs,” CEO CC Wei said.
President Trump has made boosting domestic chip production a priority, citing U.S. supply‑chain vulnerabilities exposed by the Covid‑19 pandemic. He previously linked TSMC’s expansion to a trade‑deal that cut tariffs on Taiwanese goods to 15% in exchange for significant U.S. investment.
Commerce Secretary Howard Lutnick welcomed the plan: “TSMC’s announcement of an additional $100 billion investment following our historic deal on trade and investment with Taiwan will create tens of thousands of American jobs and bring advanced semiconductor manufacturing back to America.”
