TSMC said it is exploring investments in Texas to expand US chip production and is open to collaborating with Elon Musk's planned 'Terafab' complex, though it stresses that any Texas plant must be run by TSMC. In the July-September quarter, the chipmaker posted a record net profit of 763.1 billion new Taiwan dollars (nearly $24 billion), up 69% year on year, with revenue of 1.49 trillion new Taiwan dollars ($46 billion), up 51%, driven by strong AI demand. Chairman and CEO C.C. Wei said demand still far exceeds supply and that most of its large US customers have asked for more capacity. TSMC raised its annual capital expenditure budget for this year to $60–64 billion from $52–56 billion and has pledged $265 billion for plants in Arizona. It also warned that consumer and price-sensitive market segments are under pressure, so it is being prudent in its business planning for 2027.
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