TSMC’s chief executive signaled that production of advanced chips will remain insufficient for several years, driven by ongoing demand from the artificial intelligence sector. The company expects this persistent shortfall to continue fueling its revenue expansion.
CC Wei, CEO of Taiwan Semiconductor Manufacturing Co, told shareholders at the company’s annual shareholders’ meeting that despite substantial investments in new U.S. manufacturing sites, the company is currently unable to fully meet the surging needs of American clients.
TSMC reiterated its guidance for annual revenue growth topping 30% in the current year. The company highlighted its central position in the global technology ecosystem, particularly as Taiwan remains a critical hub for AI-related chip production.
Wei noted that TSMC is working to address orders across its customer base, but satisfying American demand through local production will require a considerable period. TSMC is rolling out a $165 billion investment plan to expand its facilities, including the development of two manufacturing locations in Arizona. Wei added that land secured for these plants should serve the company’s needs for the next decade.
