TSMC explores Texas investment alongside Arizona expansion

Summarised from 2 outlets · Updated 15 Oct, 12:02 · Archive

Taiwan chipmaker TSMC is exploring potential investments in Texas to expand US chip production and may collaborate with Elon Musk's planned manufacturing complex.

Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand its chip production in the United States. The company said during an earnings conference that it is open to collaborating with Elon Musk's planned 'Terafab' chip manufacturing complex in Texas. TSMC, which produces over 90% of the world's most cutting-edge chips and supplies technology giants including Nvidia and Apple, has already pledged $265 billion for investments in Arizona plants, with $100 billion of that committed in July.

TSMC reported record profits for the July-September quarter, posting net profit of 763.1 billion new Taiwan dollars (nearly $24 billion), up 69% year-on-year. Revenue for the quarter reached 1.49 trillion new Taiwan dollars ($46 billion), up 51% year-on-year. C.C. Wei, chairman and CEO of TSMC, said at the earnings conference that 'the AI market continues to be very strong' and that 'the demand, actually, is still far above our capability today to supply'.

Wei said TSMC is expanding in response to requests from most of its large US customers to increase capacity. He confirmed that the chipmaker has recently explored expanding its capacity outside Arizona, with Texas among the options under consideration. 'We sent the teams to Texas to do all the evaluation,' Wei said, adding that the plan is still under deliberation.

How it is being reported

• Taiwan chipmaker TSMC explores Texas investment to expand production in the USTaiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand chip production in the U.S. The company says it is open to collaborating with Elon Musk’s planned “Terafab” chip manufacturing complex in Texas.Clickorlando · 15 Oct, 11:16
• Taiwan chipmaker TSMC explores Texas investment to expand production in the USTaiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand chip production in the U.S. The company says it is open to collaborating with Elon Musk’s planned “Terafab” chip manufacturing complex in Texas.News4Jax · 15 Oct, 11:16

In this story: TSMC · Taiwan · Texas · Elon Musk · Nvidia · Apple · Arizona · C.C. Wei

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