Giant Taiwanese chipmaker TSMC confirms it’s in talks with Elon Musk to join ‘Terafab’ complex in Texas: ‘The AI market continues to be very strong’

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 produces over 90% of the world’s most cutting-edge chips, supplies to U.S. technology giants include Nvidia and Apple and has pledged $265 billion of investments in building plants in Arizona, including $100 billion the company committed in July.

The company’s earnings results are seen as a barometer for the world’s AI development during a........

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