TSMC Is Accelerating Its Arizona Factory Build-Out. Its CFO Says AI Is A 'Multi-Year Megatrend'

TSMC Chief Financial Officer Wendell Huang said TSMC sees no signs of slowing demand from customers investing in AI infrastructure, prompting them to ramp up production capacity in the United States. (Credit: Getty Images)

Taiwan Semiconductor Manufacturing Co. (TSMC) is accelerating the expansion of its massive Arizona chip manufacturing campus as it moves to capitalize on what the company describes as a long-term artificial intelligence boom, according to comments from Chief Financial Officer Wendell Huang.

Speaking with CNBC's Emily Tan following the company's latest earnings report, Huang said TSMC sees no signs of slowing demand from customers investing heavily in AI infrastructure, prompting the world's largest contract chipmaker to ramp up production capacity in the United States.