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Taiwan chipmaker TSMC explores Texas investment to expand production in the US
TSMC said Texas is among options for expansion as it lifted annual capital spending to $60 billion to $64 billion after a record quarterly profit.
- Taiwan Semiconductor Manufacturing Corp. announced on Thursday it is exploring potential Texas investments to expand chip production, following a record quarterly profit driven by strong artificial intelligence demand.
- To support U.S. technology giants Nvidia and Apple, TSMC has pledged $265 billion for Arizona facilities, including $100 billion committed in July.
- For the July-September quarter, TSMC reported a record nearly $24 billion in net profit, rising 69% year-on-year, while revenue surged 51% to $46 billion.
- TSMC is discussing participation in Elon Musk's planned "Terafab" Texas complex, though Chairman and CEO Wei stressed that any plant TSMC occupies must be run by the company.
- Wei cautioned that macroeconomic uncertainties and rising component prices pose future challenges, as annual capital expenditure is now budgeted between $60 billion and $64 billion.
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The Toronto Star+9 Reposted by 9 other sources
Taiwan chipmaker TSMC explores Texas investment to expand production in the US
HONG KONG (AP) — Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand its chip production in the United States, the advanced chipmaker said after posting another record profit on strong artificial intelligence demand.
·Toronto, Canada
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Taiwan chipmaker TSMC explores Texas investment to expand production in the US – WTOP News
HONG KONG (AP) — Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand its chip production in the United States, the advanced chipmaker said after posting another record profit on strong artificial intelligence demand. TSMC said during an earnings conference Thursday that it is open to collaborating with Elon Musk’s planned “Terafab”...
·Chevy Chase, United States
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Total News Sources11
Leaning Left8Leaning Right0Center3Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 27%
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