TSMC Chief Executive C.C. Wei said Thursday that the world’s largest contract chip maker would pull forward production timelines for some of its planned facilities by “several quarters.” The expansion is aimed at creating a “gigafab cluster” in Arizona, to support U.S. clients in businesses like AI and smartphones, he added.

As AI reshapes the computer chip landscape, TSMC is making key moves in Arizona that could have far-reaching implications for the semiconductor industry.