Semiconductors

TSMC plans further $100bn US investment to feed AI demand

Taiwanese chipmaker raises full-year capex to $64bn, revenue growth forecast to 40%

Taiwan Semiconductor Manufacturing Co. has been one of the biggest winners from the AI investment boom. © Reuters

CHENG TING-FANG and LAULY LI

TAIPEI -- Taiwan Semiconductor Manufacturing Co. on Thursday announced it will invest an additional $100 billion in the U.S. to build several more cutting-edge chipmaking facilities as well as advanced packaging plants in Arizona.