TSMC forecasts "several years" of margin dilution as overseas fab projects ramp up; the company has announced $200B in investment into US manufacturing (Kai Nicol-Schwarz/CNBC)

<a href="https://www.cnbc.com/2026/07/22/trump-pressure-ai-chips-us-tsmc-margins.html"><img align="RIGHT" border="0" hspace="4" src="http://www.techmeme.com/260722/i3.jpg" vspace="4" /></a> <p><a href="https://www.techmeme.com/260722/p3#a260722p3" title="Techmeme permalink"><img height="12" src="http://www.techmeme.com/img/pml.png" style="border: none; padding: 0; margin: 0;" width="11" /></a> Kai Nicol-Schwarz / <a href="http://www.cnbc.com/">CNBC</a>:<br /> <span style="font-size: 1.3em;"><b><a href="https://www.cnbc.com/2026/07/22/trump-pressure-ai-chips-us-tsmc-margins.html">TSMC forecasts &ldquo;several years&rdquo; of margin dilution as overseas fab projects ramp up; the company has announced $200B in investment into US manufacturing</a></b></span>&nbsp; &mdash;&nbsp; Pressure from President Donald Trump to manufacture advanced semiconductors in the U.S. is increasing costs and squeezing margins at TSMC, the world's leading chipmaker.</p>