Thursday, 16 July, 2026
AI Boom: TSMC Doubles Down on America with $100 Billion Arizona Expansion
By TechShots Studio
Fueled by an explosive 77% jump in Q2 net profit to a record $22 billion, chipmaking giant TSMC is investing an additional $100 billion to expand its factories in Arizona. Driven by insatiable global demand for advanced artificial intelligence chips from clients like Nvidia and Apple, the company has raised its 2026 revenue growth forecast to over 40%.