17-July-2026
Corporate News
 
TSMC to Invest Another $100 Billion in US as Q2 Profit Blows Past Forecasts
16-Jul-2026

TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, pledged on Thursday to invest a further $100 billion in the U.S. state of Arizona and said AI-driven demand will remain strong up to 2030. Reinforcing its bullish viewpoint on demand, Taiwan Semiconductor Manufacturing Co raised its forecast for capital spending by up to 14% for this year.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-15/tsmcs-second-quarter-profit-seen-hitting-record-on-ai-boom
 
 
 

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