AI demand could outstrip chip supply for ‘years’, TSMC CEO warns

The chip shortage situation has hampered the technology industry over the past few months, pushing up prices across the consumer gadget sector – all thanks to AI. Taiwan Semiconductor Manufacturing Co. (TSMC) Chief Executive C.C Wei has warned investors, stating that the global supply of advanced semiconductor chips will continue to fall behind due to the surging demand driven by AI for “several years.”

Speaking at TSMC’s annual shareholders’ meeting in Hsinchu, Wei stated that despite forecasting an impressive revenue growth of more than 30% for the year, the structural supply-demand mismatch shows no signs of immediate relief.