India, July 17 -- Taiwan Semiconductor Manufacturing Company (TSMC) has announced an additional USD 100 billion investment in Arizona, significantly expanding its US manufacturing footprint, even as the world's largest contract chipmaker delivered record second-quarter earnings on the back of surging demand for artificial intelligence (AI).

The new investment will expand TSMC's Arizona campus with additional advanced fabrication plants, advanced packaging facilities and R&D capabilities, strengthening the company's ability to manufacture leading-edge chips closer to major US customers.

The expansion raises TSMC's total planned investment in the United States to USD 265 billion, underscoring its long-term strategy of geographically diver...