TSMC says it is evaluating Texas sites for new chip fab and possible role in Elon Musk’s Terafab project
Taiwan Semiconductor Manufacturing Co. announced that it is assessing locations in Texas for additional chip‑fabrication capacity and is in talks to participate in Elon Musk’s proposed Terafab complex. The comments came after the company posted a record third‑quarter net profit of NT$763.1 billion (about $24 billion) and revenue of NT$1.49 trillion (about $46 billion), both driven by AI demand. CEO C.C. Wei said the company has sent teams to Texas for evaluation and any Texas plant would be operated by TSMC.
Why it matters
The company’s stated annual capex budget of $60 billion‑$64 billion for the year, up from $52 billion‑$56 billion, signals higher spending that could boost demand for equipment suppliers and affect investors in the semiconductor supply chain (the company says the budget is for this year).
Key facts
- 1TSMC reported a net profit of NT$763.1 billion (nearly $24 billion) for the July‑September quarter, up 69% year‑over‑year. finance.yahoo.com
- 2Revenue for the same quarter was NT$1.49 trillion (about $46 billion), up 51% year‑over‑year. finance.yahoo.com
- 3TSMC said it is exploring potential investments in Texas to expand U.S. chip production. finance.yahoo.com
- 4The company is in discussions about a possible role in Elon Musk’s “Terafab” project in Texas. finance.yahoo.com
- 5TSMC’s annual capital‑expenditure budget for the year is $60 billion‑$64 billion, higher than the prior estimate of $52 billion‑$56 billion. finance.yahoo.com
- 6CEO C.C. Wei said teams have been sent to Texas for evaluation and any Texas plant would be run by TSMC. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.