TSMC Weighs New Texas Campus, Tying Plan to US Tax Credit Extension

This is a conditional expansion, not a commitment, and the condition is political: the tax credit's renewal is now the gating item for where leading-edge capacity gets sited. The detail that North America already supplies the bulk of wafer revenue reframes the ask — TSMC is effectively seeking subsidy to localize production for its largest customer base, which shifts leverage toward Washington. What to watch is whether the credit extension moves through Congress, since that outcome, not TSMC's intent, determines whether this campus advances beyond early-stage planning.