HSINCHU, June 4 — The Taiwan Semiconductor Manufacturing Company (TSMC) the world's largest contract chipmaker, has said that it is confident in its growth over the next few years, driven by robust demand for computing power and advanced semiconductors, as it rides an artificial intelligence (AI) boom.
Chief Executive Che-Chia Wei, speaking at its annual shareholders' meeting in the northern Taiwanese city of Hsinchu today, said the company's customers continue to express a positive outlook for the AI industry.
"We continue to see increasing adoption of AI models across consumer, enterprise, and sovereign AI applications. This trend is driving demand for greater computing power, which in turn supports strong demand for advanced semiconductor chips," he said.
Taiwan has taken centre stage this week as it hosts the annual Computex conference, where leaders of some of the world's most powerful tech companies are gathering, with executives from the likes of Nvidia to Intel praising the island's central role in the global supply chain.
In April, TSMC, a major Nvidia supplier, raised its annual revenue forecast and said it was stepping up capital spending this year to meet a relentless hunger for its products.
