Deep Dive: Is TSMC's $100b Investment Signalling A US Chip Revival? What are the implications for TSMC and Intel?

Taiwan Semiconductor Manufacturing Company (TSMC) Chairman C.C. Wei has unveiled a monumental $100 billion investment plan to enhance its supply chain in the United States. This initiative includes the construction of two advanced packaging facilities, one R&D center, and three new fabs, complementing its existing $65 billion commitment in Arizona. Announced alongside President Donald Trump, the plan was celebrated as a transformative step to increase the share of chips manufactured in the U.S. to 40% of global production. However, market reactions were less enthusiastic—TSMC shares fell 4.2% in U.S. trading and another 2% on the Taiwan Stock Exchange following the announcement.

Does this shift benefit Intel? Not quite. Intel's share price also dropped by 4.17% on March 3 during the U.S. trading session, likely due to dashed hopes that TSMC might support Intel’s foundry services. Meanwhile, TSMC’s major customers also saw declines: Nvidia plunged 8.7%, while AMD and Apple fell 1.6% each.　

Read our analysis: https://techsoda.substack.com/p/deep-dive-is-tsmcs-100b-investment