TSMC Shares Gain On $100 Bln US Investment

RTTNews | 251 days ago

(RTTNews) - Shares of Taiwan Semiconductor Manufacturing Co. or TSMC were gaining around 2 percent in the pre-market activity on the NYSE after the chipmaker announced its additional $100 billion investment in the United States to build five more facilities for advanced chip manufacturing, as part of the ongoing efforts in the country to boost artificial intelligence.

With the largest single foreign direct investment in U.S. history, TSMC's total investment in the U.S. would be $165 billion to power the future of AI.

While announcing the news, U.S. President Donald Trump, who is taking efforts to bring semiconductor production back to the U.S. from abroad, called the investment a tremendous move by the most powerful company in the world. Trump added that advancing semiconductor production in the country is a matter of economic and national security.

In a statement, TSMC, a supplier of semiconductors to AI and technology innovation companies Apple, NVIDIA, AMD, Broadcom, and Qualcomm, among others, announced its investment expansion with plans for three new fabrication plants, two advanced packaging facilities and a major R&D team center.

The new additions would create hundreds of billions of dollars in semiconductor value for AI and other cutting-edge applications.

TSMC Chairman and CEO C.C. Wei, said, "Back in 2020, thanks to President Trump's vision and support, we embarked on our journey of establishing advanced chip manufacturing in the United States. This vision is now a reality. AI is reshaping our daily lives and semiconductor technology is the foundation for new capabilities and applications."

TSMC's expanded investment is expected to support 40,000 construction jobs over the next four years and create tens of thousands of high-paying, high-tech jobs in advanced chip manufacturing and R&D.

The latest investment would also drive more than $200 billion of indirect economic output in Arizona and across the U.S. in the next decade.

The company already had announced $65 billion investment in its advanced semiconductor manufacturing operations in Phoenix, Arizona. TSMC currently employs more than 3,000 people in its Arizona fab, which has been in volume production since late 2024.

TSMC expects the expanded investment to strengthen the U.S. semiconductor ecosystem by increasing American production of advanced semiconductor technology, and would complete the domestic AI supply chain with TSMC's first U.S. advanced packaging investments.

In addition to its latest manufacturing site in Phoenix, TSMC operates a fab in Camas, Washington, and design service centers in Austin, Texas, and San Jose, California.

Earlier, the company has also gained U.S. government support through a $6.6 billion subsidy from the U.S. Commerce Department.

Amid its own production expansion, TSMC is reportedly eyeing chipmaker Intel Corp.'s chip plants. The Wall Street Journal in mid February had reported that TSMC has studied about the possibility of controlling some or all of Intel's chip plants, and that it was in the midst of potential takeover deal talks.

In the pre-market activity on the NYSE, TSMC shares were gaining around 1.9 percent to trade at $176.28. On Monday's regular trading, the shares had lost 4.19%.

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