Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 77% increase in quarterly net profit compared to the previous year, largely driven by robust demand for artificial intelligence technologies. In response to this growth, TSMC has announced a plan to invest an additional $100 billion in the United States, further strengthening its leadership in the global semiconductor supply chain.

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https://www.wsj.com/tech/tsmcs-earnings-streak-continues-on-robust-ai-demand-1f6b0fe1

TSMC to Invest a Further $100 Billion in U.S. After AI Fuels Surge in Earnings

The chip maker’s quarterly net profit jumped 77% from a year earlier

Sherry Qin

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Yang Jie

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Illustration of the TSMC logo on a screen, with electronic components in the background. TSMC is accelerating capacity expansion in both advanced nodes and chip packaging.Dado Ruvic/Reuters

Taiwan Semiconductor Manufacturing Co. just delivered another earnings beat.

It has also pledged to invest an additional $100 billion in the U.S. and plans to spend a record amount, cementing its position atop the global semiconductor supply chain, sending one of the strongest signals yet that the artificial-intelligence boom is alive and kicking.

TSMC to Invest a Further $100 Billion in U.S. After AI Fuels Surge in Earnings

TSMC to Invest a Further $100 Billion in U.S. After AI Fuels Surge in Earnings

The chip maker’s quarterly net profit jumped 77% from a year earlier

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