Market Chatter: TSMC Aims $100 Billion in US Chipmaking Buildout

MT Newswires Live07-16

TSMC (TPE:2330) is planning to spend at additional $100 billion to expand its US chipmaking capacity, taking its total investment plan to $265 billion, Bloomberg reported Thursday, citing an unnamed US official.

The additional funding will be used to build four chip plants, taking the company's US presence to 10 fabrication plants and two packaging facilities, the report said.

The pledge is a part of a broader agreement between the US and Taiwan which lowered tariffs on the latter to 15% in exchange for $250 billion in direct US investment, the report noted.

TSMC did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment