Business
TSMC Chief Signals Robust AI Demand Will Sustain Chipmakers Growth Momentum
Taiwan Semiconductor Manufacturing Company (TSMC) Chairman and CEO C.C. Wei stated that sustained strong demand for artificial intelligence (AI) applications will continue to drive the chipmaker’s expansion. He made the remarks during the company’s annual shareholders’ meeting on June 4, 2026.
AI Demand as Core Growth Driver
Wei highlighted that AI-related chip orders remain a primary catalyst for revenue growth, countering market concerns about a potential slowdown in the semiconductor cycle. The chief executive noted that TSMC’s advanced packaging capacity is fully booked through 2027, underscoring the depth of demand from major AI clients. He projected that AI accelerator-related revenue will account for a mid-teens percentage of total sales in 2026, rising to over 20% by 2028.Operational and Financial Outlook
TSMC’s capital expenditure budget for 2026 remains unchanged at $32 billion to $36 billion, with the majority allocated to 3-nanometer and 2-nanometer production nodes. Wei confirmed that mass production of 2-nanometer chips is on track for the second half of 2026. The company reported first-quarter 2026 net profit of NT$298 billion, up 18% year-on-year, beating analyst estimates.Market Context
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