Shares of TSMC increased as GlobalFoundries announced a major US investment of 16 billion dollars to expand chip manufacturing capabilities. The plan includes 13 billion dollars for expanding fabrication and packaging in New York and Vermont, alongside 3 billion dollars dedicated to research and development. The focus is on advanced technologies like silicon photonics and power devices to meet rising demands from AI, data centers, and edge computing. Industry leaders endorse the move to strengthen the US semiconductor supply chain.