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TSMC’s $265B US Expansion: Four New Chip Fabs Planned

Taiwan Semiconductor Manufacturing Co has expanded its investment in US chipmaking capacity, bringing the total planned amount to $265 billion. The chipmaker has earmarked another four fabrication plants as part of the $100 billion package, bringing TSMC’s total US capacity to 10 factories and two packaging facilities. The expansion comes as AI demand continues to stretch TSMC’s capacity, with the company reporting record quarterly profits and raising its capital expenditure forecast to between $60 billion and $64 billion. It comes five months after TSMC announced its first $100 billion investment increase, committing the company to building three additional fabrication plants, two packaging facilities, and a research lab in Phoenix, Arizona. TSMC’s $265B US Expansion: Four New Chip Fabs Planned

TSMC Says It Can’t Meet Chip Demand

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest semiconductor manufacturing company, says it will take “a very long time” to meet the current computer chip demand due to AI. CEO C.C. Wei says the ongoing demand for advanced computing and cutting-edge semiconductors will not slow down due to the growth of AI. TSMC recently invested nearly $165 billion to increase manufacturing at it’s U.S. location in Arizona. The investment is expected to play a significant role in supporting U.S. customers over the long term. But, Wei admitted that fully meeting domestic demand through American production alone will take a “very long time.” Business News Today – tEDmag

 

Remembering the Solemn Purpose of Memorial Day

Memorial Day is a federal holiday in the United States observed on the last Monday in May to honor and mourn U.S. military personnel who died while serving in the armed forces. The holiday traces its roots to the years immediately following the American Civil War (1861–1865), which caused massive casualties—roughly 620,000 soldiers dead, about 2% of the U.S. population at the time. Communities across the North and South began spontaneously decorating the graves of fallen soldiers with flowers, wreaths, and flags, a practice that gave rise to the original name: Decoration Day. On May 5, 1868, Major General John A. Logan, commander-in-chief of the Grand Army of the Republic (GAR)—a powerful Union veterans’ organization—issued General Order No. 11. This proclaimed May 30, 1868, as a nationwide “Decoration Day” to honor those who died in the Civil War. After World War I, the holiday expanded to honor all American service members who died in any war, not just the Civil War.  In 1968, Congress passed the Uniform Monday Holiday Act to create more three-day weekends for federal employees. This moved Memorial Day to the last Monday in May, effective in 1971, when it was also officially named “Memorial Day.” As one 1868 quote put it: “That Nation which respects and honors its dead, shall ever be respected and honored itself.”