HEY, BIG SPENDER: Taiwan computer chipmaker TSMC pledges another $100 billion to expand US chipmaking capacity.

The latest commitment appears to bring the company’s total pledges for investment in U.S. chipmaking to $265 billion. The company also raised its annual revenue forecast after booking record high profits thanks to runaway demand from the boom in artificial intelligence.

The world’s largest contract chip manufacturing and one of the world’s most valuable companies, TSMC is seen as a barometer for the global chip industry and for AI at a time when worries about a potential AI bubble have been buffeting financial markets.

As AI-related demand continues to jump and needs for computing power from data centers surge, TSMC has been expanding chip fabrication plants in the U.S., Japan and Taiwan. It said it is increasing its annual capital expenditure budget for this year to $60 billion-$64 billion, up from an earlier estimate of $52 billion-$56 billion.

And we still need more chips.