U.S. President Donald Trump (right) and C.C. Wei, chief executive officer of Taiwan Semiconductor Manufacturing Co. (left), shake hands during an announcement of an additional $100 billion into TSMC's U.S. manufacturing at the White House in Washington, DC, U.S., on March 3, 2025.
Buoyed by yet another blockbuster earnings report and a new U.S.-Taiwan trade agreement, Taiwan Semiconductor Manufacturing Co. is poised to accelerate its multibillion-dollar expansion in Arizona.
The world's largest contract chipmaker has already committed $165 billion in the U.S., aligning with Washington's push to rebuild its domestic chip manufacturing. But TSMC executives have signaled that spending will rise even further as the company expands capacity to meet demand for artificial intelligence chips.
Speaking Thursday with CNBC's Emily Tan, TSMC Chief Financial Officer Wendell Huang said the firm would continue to ramp up its investments in Arizona.
"We have strong conviction on the AI mega trend, and that is the reason we are stepping up the capital expenditures to expand in Taiwan and in the U.S.," Huang said. "Not just to expand, but also try to accelerate where it is possible to satisfy or narrow the gap."
The comments came just hours after Chief Executive Officer C.C. Wei said on the company's quarterly earnings call that TSMC had recently purchased additional land in Arizona and planned to build a "gigafab cluster" in the state.
While the company did not disclose the dollar value of its planned expansions in the U.S., it forecast capital expenditure in the new year to increase over 30% at the midpoint compared with 2025.