Chip giant TSMC pledges another $100bn to expand US production
TSMC announced a $100 billion investment to expand its production in Arizona, with the goal of creating tens of thousands of jobs. This commitment raises the total investment in the U.S. to $265 billion, according to CEO CC Wei. The move comes as the company reported a 77% increase in net profits for the second quarter.
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Published 16 Jul 2026, 10:23 UTC · Updated 16 Jul 2026, 10:30 UTC
Summary by OZbrief Editorial. Original report: BBC News – World. Editorial policy · Corrections