TSMC just committed $56 billion to AI chip manufacturing capacity. That’s not money disappearing into factories. It’s money flooding into the equipment makers who build those factories. Three suppliers stand to capture the lion’s share of this windfall,

Companies that provide picks and shovels for the artificial-intelligence boom jumped after record earnings from Taiwan Semiconductor Manufacturing Co. suggested that the AI rally still has room to run.

TSMC is speeding ahead with its plans for a fab cluster in Phoenix, Arizona, the foundry revealed during Thursday's earnings call. It plans to speed up construction, build a packaging plant, and get started soon on the fourth fab, according to Reuters. TSMC shared the news of its accelerated building schedule while also announcing record profits.

Apple will still benefit as TMSC confirms large-volume production has started for its newest 2nm processor, but as Nvidia ascends, Apple's days of being able to command the firm's entire output are over — for now.

In the most recent quarter, Nvidia reported a 62% increase in revenue to $57 billion and spoke of soaring demand for its latest system, Blackwell Ultra. The company also has maintained high profitability on sales, with gross margin regularly surpassing 70%.

Sunlit Arizona, a chemical supplier, purchased 40 acres in Casa Grande for $9.2 million to build a new manufacturing plant. This marks the 10th semiconductor supplier to establish operations in Casa Grande, following a trend started by Taiwan Semiconductor Manufacturing Co.'s investment in Arizona.

If the GenAI expansion runs out of gas, Taiwan Semiconductor Manufacturing Co, the world’s most important foundry for advanced chippery, will be the first

The manufacturer expects demand to continue as it works to accelerate U.S. expansion plans. The company’s second fab is now complete, with production starting later this year, and construction on a third is underway.