TSMC mulls multibillion-dollar Texas campus for more AI chips
It’s also had conversations with Singaporean officials regarding the city-state as potential site, sources say
Taiwan Semiconductor Manufacturing Co (TSMC), the go-to chipmaker for Nvidia and Apple, is considering a new campus in Texas that could inject tens of billions of dollars into the company's multiyear expansion into US chipmaking. The company is also exploring a potential site in Singapore. TSMC is expanding its facilities in response to surging demand for artificial intelligence hardware, with North American business accounting for over 75% of its wafer revenue to date this year.
The company has already committed to a US$265 billion investment in Arizona, where it is developing multiple fabrication plants. If TSMC decides to invest in Texas, the project would involve multiple chipmaking plants, each costing at least US$20 billion. The potential Texas expansion is contingent on US legislators extending an advanced-manufacturing tax credit, currently set to expire at the end of the year.
TSMC's executives have consistently emphasized that their international expansion efforts are driven by customer demand and require cooperation from local governments.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
