‘Long time before we can meet customer demand’: Why CEO of world’s largest contract chipmaker sees no end to AI chip rush

The growth of artificial intelligence is putting huge pressure on the global semiconductor industry, and the strain may not ease anytime soon. According to Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, demand for advanced chips continues to exceed what the company can produce. As AI adoption expands across industries, the gap between supply and demand is expected to remain a major challenge for years.

Speaking at TSMC’s annual shareholders’ meeting in Taiwan, Chief Executive Officer C.C. Wei said the company is still struggling to keep up with customer needs. “It will be a long time before we can meet customer demand,” Wei said.