Update: The U.S. Department of Commerce has reportedly changed course on pursuing equity stakes in TSMC and Micron Technology in exchange for federal CHIPS Act subsidies, Reuters reported Thursday. While the White House is not considering equity in TSMC and Micron, companies that do not increase their U.S. investment commitments may have to provide equity in exchange for subsidies, Reuters reported, citing commentary from a U.S. Department of Commerce official.
Original story: Taiwan Semiconductor Manufacturing Co.’s Arizona manufacturing plant has turned its first profit since the chip giant began production at the north Phoenix site late last year.
TSMC reported a net profit of $150.1 million in U.S.dollars for its Arizona subsidiary in the first half of 2025, compared with a net loss of $143.4 million during the same time last year, according to a recent financial statement.
The company did not provide further commentary about its financial statement, although CEO C.C. Wei said on a July 17 earnings call that the chip giant is seeing strong AI-related demand from its U.S. customers, prompting a decision to ramp up production in Arizona.
This story is posted in partnership with Phoenix Business Journal. Click to read the full story.
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