Apple and Nvidia chip supplier TSMC is spending US$65 billion on three giant factories in the state of Arizona.

Taiwan computer chip maker TSMC reported Thursday that its profit in the last quarter rose 57%, buoyed by the artificial intelligence boom. The world’s biggest semiconductor manufacturer reported a net profit of 374.

This marks a significant shift from past policies designed to safeguard Taiwan's leadership in semiconductor manufacturing. For years, Taiwanese chipmakers faced strict limits on the types