Taiwan Semiconductor Manufacturing Company is considering a second major U.S. manufacturing campus near Dallas, Texas, according to Bloomberg, as demand for AI chips continues to support expansion. The preliminary plan could include as many as six advanced wafer fabrication facilities, with each fab projected to cost at least $20 billion, putting the potential investment in the tens of billions of dollars. The Texas site would complement rather than replace TSMC’s Arizona operations and could use more advanced production technologies than its existing U.S. facilities. TSMC has committed $265 billion to its Arizona campus, including an additional $100 billion added in July 2026, for a plan covering up to 12 facilities and a research and development center. Taiwan’s Ministry of Economic Affairs has approved $44 billion in TSMC U.S. capital investments across seven applications since December 2020, including a $20 billion tranche approved in July 2026. U.S. customers generated approximately 75.64% of TSMC’s wafer revenue in the first half of 2026, with Nvidia, Apple and AMD among its key clients. The Texas project reportedly depends on extending a 35% advanced-manufacturing tax credit linked to the CHIPS Act, which is scheduled to expire at the end of 2026. TSMC’s earnings call on October 15, 2026, is the next scheduled checkpoint for its overseas investment strategy, while board approval, supplier readiness and the tax credit remain unresolved.