TSMC CEO C.C. Wei projected strong growth during the company’s annual shareholders' meeting on June 4. He attributed this outlook to the relentless expansion of artificial intelligence.
Increasing AI adoption across consumer, enterprise, and government sectors drives demand for advanced semiconductors. Wei noted that customers maintain a positive outlook for the AI industry.
These comments align with themes from the Computex conference held in Taiwan during the same week. TSMC raised its annual revenue guidance in April. The company also increased capital spending to meet high-end chip demand.