HSINCHU, Taiwan - Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said on June 4 that it is confident about its growth trajectory in the coming years, driven by persistent demand for computing power and advanced semiconductor products tied to artificial intelligence.
Speaking at TSMC's annual shareholders meeting in Hsinchu, Chief Executive C.C. Wei described the company's customer base as broadly optimistic about the AI market. Wei emphasized continued uptake of AI models across multiple categories - consumer applications, enterprise software and sovereign AI programs - and linked that adoption directly to stronger needs for computing capacity. "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.
The remarks came as Taiwan hosted the Computex conference, drawing executives from major technology firms. Leaders from companies including Nvidia and Intel used the event to underscore Taiwan's central position in the global technology supply chain, reflecting the island's role in manufacturing and the flow of components that underpin AI deployments.
TSMC has recently adjusted its own guidance in response to the market environment. In April the company raised its annual revenue forecast and announced plans to increase capital spending for the year to satisfy what it described as relentless demand for its products. The combination of a positive customer outlook, higher investment to expand capacity and continued AI-driven consumption of compute helped frame management's upbeat view.
What management said
At the shareholder meeting, the company reiterated that customer sentiment remains positive for AI-related workloads. Management connected the broadening deployment of AI across consumer, enterprise and sovereign use cases with rising requirements for more advanced chips and greater overall computing power.
Context on industry attention
Computex brought attention to Taiwan's manufacturing and supply-chain position, with executives from major chip consumers and partners acknowledging the island's importance for the global technology ecosystem.
Financial positioning
TSMC's earlier revision to its annual revenue forecast and its decision to step up capital expenditure were presented as responses to continued strong demand for its advanced semiconductor products.