US chip investment tops $820B

US semiconductor investment has surpassed $820 billion since 2020, a scale that shows how industrial policy, supply-chain anxiety and AI demand have redirected capital into domestic chipmaking. The figure spans government and private commitments and reinforces the strategic push to reduce dependence on offshore fabrication. At the same time, Taiwan Semiconductor Manufacturing Co. shares fell 4.1% even as a 97/100 GF Score still labeled the company high quality but overvalued. The juxtaposition matters: investors are rewarding the structural importance of advanced fabs, but valuations remain vulnerable as capacity expansions, subsidies and geopolitics reshape where chips are made and how profits are distributed.

Sources from the briefing

• Taiwan Semiconductor Manufacturing Co Ltd (TSM) Stock Down 4.1% but Still Overvalued -- GF Score: 97/100 - GuruFocusGuruFocus
• US semiconductor investment tops $820bn since 2020 - gasworldgasworld