Taipei, Oct. 17 -- Taiwan Semiconductor Manufacturing Co. (TSMC) is accelerating its expansion in Arizona, driven by strong demand for advanced chips in AI and high-performance computing, FocusTaiwan reported.

The company will accelerate production timelines for two planned fabs and invest $65 billion in Arizona to construct three advanced wafer fabs, with an additional $100 billion planned for the next few years.

CC Wei, Chairman and CEO of TSMC, stated on Thursday that the world's largest contract chipmaker will accelerate its pace of production expansion and technology upgrades in the US state of Arizona, while continuing to invest in Taiwan, according to FocusTaiwan.

Speaking at an investor conference, Wei said TSMC's investment pr...