TAIPEI — TSMC is seeing strong, multi-year demand for its AI chips as it invests a further $100 billion to expand its Arizona facilities, but it needs to address several challenges, such as a shortage of construction workers there, a top executive said. Speaking after blockbuster second-quarter results on Thursday, Chief Financial Officer Wendell Huang said the company is “very happy” with progress in Arizona, which is why it decided to ramp up investment to $265 billion. “We will continue to invest,” he said in an interview, adding that the company was very grateful for U.S. government support. “We continue to see customers’ strong demand — multi-year structural demand.” The world’s main producer of advanced AI chips and a major Nvidia supplier, TSMC’s aggressive capital spending and soaring profit margins have made it a barometer of demand in the global semiconductor industry. The pledge to expand in Arizona is a win for U.S. President Donald Trump, who has pushed for more chipmaking at home. Trump has repeatedly accused Taiwan of stealing American semiconductor business. He has said
TSMC expects ‘strong, multi-year’ demand for AI chips as it ramps up Arizona investment
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