TSMC warns that global chip supply-demand tension will last for several years, with revenue still expected to grow over 30% this year

Odaily reported that at TSMC’s annual shareholders’ meeting in Hsinchu, Chairman and CEO C.C. Wei stated that global chip supply will remain unable to meet the surge in AI demand for years to come. Even with TSMC expanding capacity in the United States, it will be difficult to fully satisfy the needs of American customers, and achieving supply-demand balance will take a considerable amount of time.

C.C. Wei reiterated that TSMC expects its sales to grow by more than 30% this year. The company’s capital expenditure for this year is projected to approach the upper limit of $56 billion, while capital spending by major global hyperscale cloud service providers in the AI sector is expected to reach $725 billion. Affected by Broadcom’s performance outlook, TSMC’s Taipei-listed shares edged down 1%, but cumulative gains over the past three years have more than quadrupled. C.C. Wei also stated that the average bonus for employees this year will increase by more than 30%.