TSMC posts record profit, boosts US investment by $100B

TSMC said it will boost U.S. spending by an additional $100 billion in Arizona while reporting record quarterly profit, attributing the jump to massive demand for AI hardware. The Taiwanese contract chipmaker, which makes microchips used in devices including Apple phones and Nvidia processors, framed the buildout as part of a broader AI-driven compute push. TSMC reported net profit for April to June rising 77.4% year-on-year to NT$706.6 billion (about $22 billion), beating analyst expectations of NT$624.4 billion. Quarterly revenue climbed 36% to NT$1.3 trillion. The company plans “four or more” fabs in Arizona targeting 2-nanometer and below logic and advanced packaging, lifting total planned U.S. investment to $265 billion. CFO Wendell Huang also projected 2026 capital expenditures of $60–$64 billion, citing customer growth needs.