TSMC greenlights 31 billion expansion to fuel AI chip demand and higher dividends

A record budget and a dividend boost signal AI pull

TSMC has approved a capital budget of over $31 billion to expand chip production, aiming to meet accelerating demand tied to AI and high-performance computing. The plan also includes major investment in its US operations. In a bid to capitalize on the tech boom, the company says shareholders will benefit through a higher dividend payout.