TSMC CEO: Global Chip Supply to Lag Behind AI Demand for Years

TSMC held its annual shareholders meeting in Hsinchu, where Chairman and CEO C.C. Wei stated that global chip supply will continue to fall short of the surging AI demand for several years. According to Odaily, even with TSMC's capacity expansion in the United States, it will be challenging to fully meet the needs of American clients, and achieving a supply-demand balance will take time. Wei reiterated that TSMC's sales are expected to grow by over 30% this year. The company's capital expenditure is projected to approach the upper limit of $56 billion, while global major hyperscale cloud service providers are expected to spend $725 billion in the AI sector. TSMC's stock in Taipei saw a slight decline of 1% due to Broadcom's performance outlook, although it has increased more than fourfold over the past three years. Wei also mentioned that employee bonuses are set to rise by over 30% this year.