Key Takeaways Taiwan Semiconductor is investing $165B in new U.S. fabs and packaging facilities for AI and HPC chips.TSM is also expanding in Japan, Germany, and Taiwan to diversify its supply chain and serve local markets.New overseas fabs could cut gross margins by 2-3 points annually over the next three to five years.Taiwan Semiconductor Manufacturing Company (TSM) , also known as TSMC, is currently focusing on its ambitious global expansion strategy to build a diversified semiconductor supply chain. The ...