Taiwan chipmaker TSMC explores Texas investment to expand production in the US
HONG KONG — Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand its chip production in the United States, the advanced chipmaker said after posting another record profit on strong artificial intelligence demand.
TL;DR
- Taiwan Semiconductor Manufacturing Co. (TSMC) is exploring investment opportunities in Texas.
- The goal is to expand chip production in the United States.
- This comes after TSMC reported another record profit.
- Strong demand for artificial intelligence chips is a key driver.