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TSMC Phoenix AZ
Image courtesy of TSMC.
Continued Fab 21 Site Growth
TSMC has committed another $20 billion to expand its Fab 21 campus in Phoenix. The latest board resolution authorizes up to $20 billion in funding for TSMC Arizona, with more capital investments possible in the future.
The funding supports continued growth at the Fab 21 site. Plans include additional land purchases, advanced EUV lithography equipment, and more semiconductor manufacturing tools.
TSMC has already invested about $65 billion into its Metro Phoenix operations. The company also pledged another $100 billion in future capital spending. Total investment in TSMC Arizona projects could now reach $165 billion. The company continues to release portions of that funding in phases, including the latest allocation approved during today’s board meeting.
The TSMC (TWSE: 2330, NYSE: TSM) Board of Directors today held a meeting, which passed the following resolutions:
Approved the 2026 first quarter Business Report and Financial Statements. First quarter consolidated revenue was NT$1,134.10 billion and net income was NT$572.48 billion, with diluted earnings per share of NT$22.08.
Approved the distribution of a NT$7.0 per share cash dividend for the first quarter of 2026, and set September 22, 2026 as the record date for common stock shareholders entitled to participate in this cash dividend distribution, and the ex-dividend date for the common shares shall be September 16, 2026. As required by Article 165 of Taiwan’s Company Law, the shareholders’ register shall be closed for five days prior to the record date (September 18 through September 22, 2026) for registration transfer, and the dividend will be paid on October 8, 2026. In addition, the ex-dividend date and the record date for entitlement to participate in this cash dividend distribution for TSMC American Depositary Shares (ADSs) will be September 16, 2026.
To meet long-term capacity plans based on market demand forecasts and TSMC’s technology development roadmap, the Board approved capital appropriations of approximately US$31,284.30 million for purposes mainly including: 1) Installation of advanced technology capacity; 2) Fab construction, and installation of fab facility systems.
Approved the capital injection of not more than US$20 billion to TSMC Arizona, a wholly-owned subsidiary of TSMC.
Approved the following personnel promotion:
- Promoted Vice President, Corporate Planning Mr. Jonathan Lee to Senior Vice President
- Promoted Senior Director, Quality & Reliability Mr. Y.H. Wu to Vice President
- Promoted Senior Director, Research and Development / Nano Patterning Technology Dr. Y.C. Ku to Vice President
- Promoted Senior Director, Operations / Intelligent Manufacturing Center Mr. Span Lu to Vice President
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About TSMC
TSMC (Taiwan Semiconductor Manufacturing Company Limited or Taiwan Semiconductor) is a Taiwanese multinational semiconductor contract manufacturing and design company. It is the world’s largest dedicated independent semiconductor foundry, and its country’s largest company, with headquarters and main operations located in Hsinchu, Taiwan. Although the central government of Taiwan is the largest individual shareholder, the majority of TSMC is owned by foreign investors. In 2023, TSMC served 528 business customers and manufactured 11,895 products for various applications covering a variety of end markets including high performance computing, smartphones, the Internet of Things (IoT), automotive, and digital consumer electronics.
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