04-June-2026
Corporate News
 
TSMC Boss Bets Big on AI Growth, Says He'd 'Like' to Hike Chip Prices
04-Jun-2026

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 a relentless AI boom, its CEO said on Thursday. C.C. Wei, speaking at TSMC's annual shareholders' meeting in the 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. "We continue to see increasing adoption of AI models across consumer, enterprise and sovereign AI applications," Wei said, adding that while the company is working very hard, demand is high and it can only produce so much. "This trend is driving demand for greater computing power, which in turn supports strong demand for advanced semiconductor chips." Asked whether TSMC could raise prices for customers, Wei said: "I'd like to do that ... we still need to make money."

News Source:- https://money.usnews.com/investing/news/articles/2026-06-03/tsmc-boss-upbeat-on-outlook-as-ai-boom-shows-no-sign-of-easing