TSMC Forecasts Bright Growth Prospects Fueled by Rising AI Demand

TSMC Chairman and CEO C.C. Wei of the Taiwanese semiconductor manufacturer has expressed confidence in the company's future growth, driven by increasing demand for artificial intelligence (AI).

At the opening remarks of TSMC's regular shareholder meeting, Wei stated that AI will be a long-term growth engine for the semiconductor industry, signaling an intention to continue large-scale capital investments. TSMC Chairman C.C. Wei indicated that AI is expected to spread beyond data centers to encompass personal computers (PCs), smartphones, automobiles, and Internet of Things (IoT) devices. He explained that this trend will further enhance the value of TSMC's leading technology and manufacturing capabilities.

Amid the current AI development trend shifting from generative AI to agentic AI, Wei announced that large-scale capital expenditure to meet AI demand will continue for the time being. He added, "The next few years will be good" based on customer forecasts. TSMC anticipates its capital expenditure for this year to be between $52 billion and $56 billion.