TSMC says it will invest another $100 billion to expand its chipmaking facilities in Arizona, bringing its total commitment in the United States to $265 billion. The announcement follows TSMC’s strong second-quarter results, which several outlets describe as record profits that exceed Wall Street expectations, driven by demand for AI-related chips. TSMC’s chief financial officer Wendell Huang says the company sees “strong, multi-year” demand from customers and is accelerating its Arizona buildout to capitalize on what it calls a structural AI megatrend.

Multiple reports note that TSMC also highlights the need to manage execution challenges, including a shortage of construction workers in Arizona, as it scales up. Bloomberg reports that TSMC frames part of the expanded spending as a response to competitive pressure, alongside customer demand. BBC and other outlets add that TSMC says the expansion supports “high-tech, high-paying jobs” and that the company is grateful for U.S. government support. Separately, Business Standard reports TSMC raises its capital expenditure outlook for the year to $60 billion to $64 billion, reflecting the pace of investment.