From Bloomberg via The Edge, Malaysia, June 4:
Taiwan Semiconductor Manufacturing Co (TSMC) chief executive officer CC Wei said the company’s global chip supply will fall short of AI-fuelled demand for years to come, sustaining revenue growth for the firm.
Even with new manufacturing capacity in the US, TSMC can’t fulfill demand led by American customers, Wei said at the company’s annual shareholders’ meeting in Hsinchu, Taiwan, on Thursday. He reiterated its forecast for sales growth of more than 30% for this year.
Taiwan’s largest company is an essential player in the global AI industry by making cutting-edge semiconductors for the likes of Nvidia Corp and Advanced Micro Devices Inc. TSMC has been expanding its footprint beyond its home island to add capacity, yet even that isn’t enough to satisfy chip needs as major hyperscalers are set to spend US$725 billion for AI just this year....
....MORE
The company expect to invest $52 to $56 billion in capex this year.
