TSMC CEO C.C. Wei says, ‘It will be a long time before we can meet customer demand’ — tells shareholders that he will keep prices stable, refrain from implementing price hikes
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AI GeneratedTSMC CEO C.C. Wei informed shareholders that meeting the demand for AI chips will be a long-term challenge due to insufficient production capacity, despite the company's global expansion efforts. TSMC anticipates a 30% sales increase this year but pledges to maintain stable prices and avoid sudden hikes to ensure business stability. The company's Arizona manufacturing capacity is fully booked through 2027, highlighting the strong demand for its output. While TSMC's expansion plans may attract customers once completed, Intel is also positioning itself to win customers for its advanced processes, with Apple and Nvidia reportedly considering Intel for chip production in 2028.