Market Chatter: Taiwan Semiconductor Manufacturing Accelerating Arizona Expansion to Capitalize on AI Demand

MT Newswires Live
Jul 20

Taiwan Semiconductor Manufacturing (TSM) is accelerating the expansion of its Arizona chip manufacturing operations to capitalize on a multi-year artificial intelligence demand trend, Chief Financial Officer Wendell Huang said in a Sunday interview with CNBC.

Huang said TSMC's additional $100 billion investment in Arizona is backed by strong customer demand and government support, with its 2-nanometer technology expected to drive third-quarter revenue, according to the report.

The company expects limited impact from geopolitical tensions and export controls, with China accounting for about 8% of its revenue, the report added.

Taiwan Semiconductor Manufacturing did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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