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The Economic Times
The Economic Times
Anupam Nagar

Global Market: TSMC to invest additional $100 billion in Arizona, raises capex on booming AI demand

TSMC Arizona United States Semiconductor ASML Nvidia

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, announced an additional $100 billion investment in Arizona and raised its capital expenditure guidance, underscoring its confidence that artificial intelligence-driven demand will remain robust through the end of the decade.

The company said the fresh investment will be added to its previously announced $165 billion commitment in Arizona, expanding its U.S. manufacturing footprint as global demand for advanced AI chips continues to surge.

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