Taiwan chipmaker TSMC explores Texas investment to expand production in the US

HONG KONG (AP) — Taiwan Semiconductor Manufacturing Co. is exploring potential investments in Texas to expand its chip production in the United States, the advanced chipmaker said after posting another record profit on strong artificial intelligence demand.TSMC said during an earnings conference Thursday that it is open to collaborating with Elon Musk’s planned “Terafab” chip manufacturing complex in Texas.TSMC, which supplies to U.S. technology giants include Nvidia and Apple, has pledged $265 billion of investments in building plants in Arizona, including $100 billion the company committed in July.For the July-September quarter, the chipmaker reported a record 763.1 billion new Taiwan dollars (nearly $24 billion) in net profit, which was better than expected and up 69% from the year before. Revenue for the quarter was at 1.49 trillion new Taiwan dollars ($46 billion), up 51% year-on-year.“The AI market continues to be very strong,” C.C. Wei, chairman and CEO of TSMC, said during the