AMD CEO Lisa Su held a closed-door meeting with TSMC, confirming that it will expand its $10 billion investment in Taiwan.

According to Taiwanese media outlet Economic Daily, AMD (AMD.O) CEO Lisa Su held a series of back-to-back meetings today with major foundry and brand manufacturers including Foxconn, Quanta, ASUS, and Acer. In the afternoon, she drove straight to Hsinchu for a closed-door meeting with TSMC, the leading wafer foundry giant. Amid surging demand for AI computing, Su confirmed that AMD’s previously announced $10 billion (approximately NT$317.6 billion) supply chain investment plan in Taiwan is not only on track, but has also been scaled up due to explosive market demand. The company will continue to expand its supply chain investments in Taiwan going forward. Su emphasized that close collaboration between AMD and its key suppliers and partners is of utmost importance. Regarding the supply status of chips such as CPUs and GPUs, Su noted that this is an exciting time for all computing sectors. This year, AMD has significantly ramped up production driven by overall market demand, but demand still outpaces supply. As a result, AMD is accelerating capacity expansion efforts with TSMC, as well as with its backend packaging and testing and substrate suppliers.