TSMC Weighs Texas Expansion on Top of $265B Arizona Bet
TSM sits 71% above its 52-week low of $266.82.
Summary
TSMC is reportedly evaluating a new investment in Texas to expand U.S. chip production, adding to its existing $265B commitment in Arizona. The plans are not finalized, but a Wells Fargo analyst sees Texas' 'Silicon Prairie' as a logical second campus, potentially boosting 2nm capacity. This follows TSMC's July announcement of an additional $100B for Arizona, bringing total U.S. facilities to 12. A Texas expansion would further diversify U.S. manufacturing and could benefit equipment suppliers. Watch for official confirmation or board approval, which would firm up capital expenditure plans.
At the time of this announcement, TSM was trading at $455.00 on NYSE in the Technology sector, with a market capitalization of approximately $2T. The 52-week trading range was $266.82 to $479.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Seeking Alpha.