TSMC posts record profit and pledges $100bn to expand US manufacturing
Summary
Taiwan Semiconductor Manufacturing Company (TSMC) beat Wall Street expectations on Thursday with a record second-quarter net profit, up 77% from a year earlier, while pledging a further $100bn (€87.4bn) to expand its chipmaking capacity in the US.
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➡️ #Cabinet approves Semicon 2.0 for the development of India's semiconductor design and manufacturing ecosystem, with a total budget outlay of ₹ 1,27,500 crore
— PIB India (@PIB_India) July 15, 2026
➡️ To Build on the momentum generated under Semicon 1.0, Semicon 2.0 aims to further the Government's commitment… pic.twitter.com/rsVYBPXdxV
#Cabinet approves #Semicon 2.0 for development of India's #semiconductor design & manufacturing ecosystem, with a total budget outlay of ₹ 1,27,500 crore
— Dhirendra Ojha (@DG_PIB) July 15, 2026
It aims to further Government's commitment towards putting our country on semiconductor map of the world#CabinetDecisions pic.twitter.com/ByGt55wzzs