TSMC accelerates Arizona factory buildout to capitalize on AI 'megatrend,' CFO says
In an exclusive CNBC interview, TSMC CFO Wendell Huang announced the chipmaker is accelerating its Arizona factory expansion with an additional $100 billion investment, raising the total pipeline to $265 billion. The move is driven by robust multi-year structural demand for AI. Huang stated TSMC is aggressively optimizing leading-edge capacities, including converting 5-nanometer to 3-nanometer nodes, and highlighted 2-nanometer technology as the next revenue driver starting Q3. Phase one of the US expansion (4-nanometer) is already operational. Huang noted US fab construction costs are 4-5 times higher than in Taiwan but said the expansion will foster the US semiconductor ecosystem. TSMC revised its full-year capital expenditure to $60-64 billion. The company sees minimal impact from Middle East conflicts due to diversified sourcing and safety stocks, and continues to comply with export controls while serving Chinese customers (8% of revenue). TSMC shares are up 48% year-to-date.
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