The Globe and Mail reports in its Friday edition that TSMC, a key Nvidia supplier, announced a $100-billion investment in Arizona, supporting President Donald Trump's push for domestic chipmaking (all figures U.S.). A Reuters dispatch to The Globe reports that the company also raised its capital spending forecast by up to 14 per cent this year, reflecting strong demand for AI. The upbeat outlook came after TSMC, a bellwether for AI chip demand, posted a 77-per-cent jump in second quarter profit to a record high of 706.6 billion Taiwanese dollars ($22-billion), beating a market forecast of 632.6 billion Taiwanese dollars and marking its ninth straight quarter of double-digit percentage growth. Capital expenditure for 2026 is forecast to be between $60-billion and $64-billion, compared with previous guidance of the high end of between $52-billion and $56-billion, it said. The company also said that its capital spending in the next three years will be "even more significantly higher" than the past three years. Thriving on surging demand for advanced chips used in AI applications, TSMC's further $100-billion investment in Arizona would add to already-announced investments of $165-billion to build chip factories there.