TSMC boss bets big on AI growth, signals interest in higher chip prices

HSINCHU, Taiwan: Taiwan’s TSMC, the world’s largest contract chipmaker, is confident in its growth over the next few years, thanks to robust demand for computing power and advanced semiconductors as it rides an AI boom, its chief executive said on Thursday.

C.C. Wei, speaking at TSMC’s annual shareholders’ meeting in the northern Taiwanese city of Hsinchu, said customers are still positive on the outlook for artificial intelligence, although the company continues ‌to monitor the impact ⁠of rising ⁠component costs.