PHOENIX — Taiwan Semiconductor Manufacturing Co. is accelerating its capacity expansion in Arizona by upgrading its technologies and acquiring more land in north Phoenix, the chipmaker’s top executive said Thursday.
TSMC CEO C.C. Wei said during an Oct. 16 earnings call that the company continues to see strong AI-related demand from customers, prompting its decision to accelerate upgrades to its N2 and more advanced process technologies.
The company is also “making tangible progress” on its phased plan to scale its north Phoenix fab site into a gigafab cluster to support customer needs for smartphone, AI and high-performance computing applications.
“Furthermore, we are close to securing a second large piece of land nearby to support our current expansion plans and provide more flexibility in response to the very strong multi-year AI-related demand,” Wei said.
