Taiwan Semiconductor Manufacturing Company said red-hot AI demand is boosting growth and causing capacity bottlenecks well beyond next year, raising hopes of a prolonged AI boom even as the industry is hit by fears about new export controls. The world’s largest chipmaker on Thursday raised its full-year forecast to slightly over 25 per cent revenue growth in US dollar terms from its previous guidance of 20-25 per cent.
shares closed 2.4 per cent lower in Taipei on Thursday, dragging down the Taiex benchmark index by 1 per cent. The chipmaker’s management shook off questions about potential risks from US policy. “We have not changed any of our original plans regarding the expansion of overseas fabs,” said CC Wei, chair and chief executive officer. The company has committed to investing US$65bn in Arizona to build three fabrication plants and bring its most advanced process technology to the US in 2028.
also lifted its capital expenditure budget to between US$30bn and US$32bn, the higher end of its earlier forecast, citing efforts to meet strong AI demand.
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