‘No food on the table’: TSMC adds $100 billion to keep chip rivals at bay

Liked this AI Summary? Join our AI Workshop Taiwan Semiconductor Manufacturing Co. is adding $100 billion to its investments in Arizona to meet strong demand from US customers and to ward off ambitious rivals, a senior executive said this week. The company, fresh off reporting expectation-beating sales and profit for the June quarter and increasing its growth forecasts, still sees challenges in fulfilling all customer orders. The artificial intelligence megatrend, as TSMC has taken to calling it, is going to drive growth for the company through at least the next few years. “We are doing everything we can, wherever we…