TSMC Pledges $100B More for US Plants

TSMC announced a further $100 billion investment in its Arizona manufacturing sites, more than doubling its previous commitment, alongside better-than-expected second-quarter earnings.

The chip giant's CEO said AI-driven demand will remain strong up to 2030, justifying the massive expansion.

The move is also seen as a geopolitical hedge, reducing reliance on Taiwan amid rising tensions with China.

Analysts reacted positively to the results, with several raising their price targets on the stock.