Market Chatter: TSMC Evaluating Potential Investment in Texas

MT Newswires Live
Yesterday

TSMC (TPE:2330) is currently assessing the viability of expanding its chip production in Texas, US, Reuters reported Wednesday, citing people familiar with the matter.

The contract chipmaker is reportedly looking to make the investment in addition to $265 billion it has already committed to Arizona, the report added.

In July, the company had unveiled an additional $100 billion investment in Arizona, to build semiconductor manufacturing facilities, the report said.

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.)

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