TSMC approves $31.28 billion capital budget amid AI
Published on: May 12, 2026, 7:45 p.m. | Source: The Economic Times
Taiwan Semiconductor Manufacturing Company is investing over $31 billion to boost chip production. This expansion supports the growing demand for AI and high-performance computing. The company also plans significant investments in its US operations. Shareholders will see an increased dividend payout. This strategic move aims to capitalize on the booming technology sector.
