The Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) logo at its headquarters in Hsinchu, Taiwan, on Oct. 20, 2021. Chiang Ying-ying/AP Photo
The Taiwan Semiconductor Manufacturing Company (TSMC) announced on July 17 that it is accelerating production at its Arizona semiconductor facility by several quarters, driven by “explosive growth” for artificial intelligence (AI) from U.S. and other global customers.
The market-moving news comes nearly four months after President Donald Trump joined TSMC CEO C.C. Wei at the White House to announce a historic $100 billion investment by TSMC in its Arizona-based semiconductor chips manufacturing operation—the largest foreign direct investment in U.S. history.
