TSMC profit jumps 77% as AI demand drives $100B Arizona expansion

Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported a record 77% surge in second-quarter net profit to approximately $22 billion, driven by explosive global demand for artificial intelligence processors. Accompanying this blockbuster earnings report, the company pledged an additional $100 billion investment to expand its advanced chip manufacturing facilities in Arizona, bringing its total committed U.S. investment to $265 billion. This massive expansion reinforces the ongoing AI chip boom and secures supply for major clients like Nvidia, even as the broader semiconductor market faces a recent selloff. The results underscore TSMC's critical role as the sole manufacturer capable of producing the silicon required for the artificial intelligence revolution, with revenue jumping 36% year-over-year to a record $40.2 billion.