TSMC commits big money to US fabs. Good for American manufacturing but market dumps anyway.

Taiwan computer chipmaker TSMC pledges another $100 billion to expand US chipmaking capacity

HONG KONG (AP) — Major Taiwan computer chipmaker TSMC said Thursday it plans to spend another $100 billion on expanding its manufacturing capacity in the United States.

The latest commitment appears to bring the company’s total pledges for investment in U.S. chipmaking to $265 billion. The company also raised its annual revenue forecast after booking record high profits thanks to runaway demand from the boom in artificial intelligence.

The world’s largest contract chip manufacturing and one of the world’s most valuable companies, TSMC is seen as a barometer for the global chip industry and for AI at a time when worries about a potential AI bubble have been buffeting financial markets.