TSMC's CEO C.C. Wei told shareholders on June 4 that the company will take a long time to meet customer demand for AI chips. The statement came during an earnings call where Wei also outlined plans for stable pricing and expansion.
TSMC forecasts 30% sales growth
TSMC is the world's leading semiconductor foundry, producing chips for companies like Nvidia and AMD. The company's manufacturing capacity is under immense pressure from the AI boom.
Wei forecast a 30% sales increase for TSMC this year, driven by AI chip demand. He emphasized that the company will avoid sudden price hikes to maintain business stability.
Arizona fab sold out through 2027
TSMC's Arizona fab has sold out its production capacity through 2027. The company has authorized a $20 billion capital injection for the Arizona expansion and plans to start mass producing 3nm chips there in 2027.
The comments reflect the ongoing supply constraints in the semiconductor industry. TSMC's ability to meet demand will be critical for AI hardware availability.
TSMC's commitment to stable pricing and massive investment in US manufacturing underscores its long-term strategy. The Arizona fab's 3nm production will be a key milestone for domestic chipmaking.
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