Taiwan Semiconductor Manufacturing Co. outlined ambitious expansion plans for its $165 billion chip-making complex in north Phoenix, with the company’s CEO praising production quality at the plant as comparable to that in Taiwan.
Chairman and CEO C.C. Wei also said TSMC isn’t engaged in discussions with any other companies regarding a joint venture or technology licensing, transfer or sharing agreements, quashing unsubstantiated rumors that TSMC was mulling a possible deal with Intel , which operates a large chipmaking complex in Chandler.
Wei’s comments came in a call during which the company reported net income of roughly $11 billion on revenue of $25.5 billion for the first quarter of 2025. Those figures were up 60.3% and 41.6%, respectively, compared to the first quarter of 2024…