TSMC CEO Wei Zhejia said that TSMC’s global chip supply will not be able to meet the demand driven by AI in the next few years; this will continue to support the company’s revenue growth. Wei Zhejia said at TSMC’s annual shareholder meeting on Thursday that even if TSMC adds new production capacity in the United States, it will not be able to meet the demand mainly from American customers. He reiterated that the company expects sales growth of more than 30% this year.
TSMC produces state-of-the-art semiconductor chips for companies like Nvidia and AMD. The company has been expanding its production layout outside Taiwan, China, to increase production capacity; however, it is still not enough to meet market demand for chips. Large U.S. technology companies plan capital expenditures of up to $725 billion this year, mainly in the field of AI.
Wei Zhejia said that it will take a long time to meet customer needs.
Wei Zhejia reiterated on Thursday that TSMC employees’ dividends will increase by more than 30% this year.