TSMC lifts capex above US$64bn as AI use rises

‘NO SHORTCUTS’: TSMC chairman C.C. Wei said that any competing technology would take up to seven years to develop, build capacity for and ramp up to high volume By Lisa Wang / Staff reporter Add TT as Preferred Source Taiwan Semiconductor Manufacturing Co (TSMC, 台積電), the world’s biggest contract chipmaker, yesterday raised its projected capital expenditure this year to more than US$64 billion, along with an additional investment of US$100 billion in the US to address rapidly growing adoption of agentic artificial intelligence (AI) applications. The additional investment would add about four new advanced wafer fabrication facilities utilizing 2-nanometer and more advanced technologies as well as chip packaging plants at TSMC’s Arizona manufacturing site, which is needed to meet strong dema