TSMC Approves $17.14 Billion Budget Amid US Tariff Concerns, Considers Further Expansion in Arizona

Taiwan Semiconductor Manufacturing Co. (TSMC) convened its board meeting in the U.S. amid concerns over potential tariffs. Key takeaways include: * TSMC approved a capital budget of approximately $17.14 billion for long-term capacity planning. * The budget will support construction and upgrades for advanced process technologies. * It includes advanced packaging, mature, and specialty process capacity. * TSMC authorized a capital increase for its wholly-owned subsidiary, TSMC Global, up to $100 million, aiming to reduce foreign exchange hedging costs. * TSMC may accelerate advanced process production in the U.S. and potentially build a fourth fab in Arizona. The moves come as TSMC addresses potential tariff impacts and strengthens ties with the U.S. amid ongoing trade discussions.