# Taiwan Semiconductor Manufacturing Company is investing over $31 billion to boost chip production.

*semiconductor · news · 2026-05-12 · The Economic Times*

## Key points

- TSMC approved a capital budget of $31.28 billion to expand advanced chip production capacity.
- TSMC's board authorized up to $20 billion investment in TSMC Arizona for its US operations.
- TSMC increased its quarterly cash dividend per share to NT$7 for Q1, up from NT$6 previously.
- TSMC shares have surged over 28% since April, outperforming amid global tech stock rebounds.

**Companies:** Taiwan Semiconductor Manufacturing Company
**Countries:** Taiwan, United States

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/artificial-intelligence/tsmc-approves-31-28-billion-capital-budget-amid-ai-driven-chip-demand-boom/articleshow/131041869.cms)

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