Taiwan Semiconductor Manufacturing Co. expects to achieve record revenue and profits this year, with Chairman and CEO C.C. Wei expressing confidence despite mounting geopolitical pressures and trade uncertainties.
Speaking at the company’s annual shareholders meeting Tuesday, Wei cited surging artificial intelligence chip demand as the primary driver for optimistic projections. The world’s largest contract chipmaker reported it was working to expand production capacity to meet customer requirements, though supply constraints remain.
TSMC delivered strong 2024 results with consolidated revenue reaching NT$2.89 trillion ($89.8 billion) and net income of NT$1.17 trillion ($36.4 billion). The company’s AI accelerator revenue tripled last year and is projected to double again in 2025.
Wei downplayed concerns about U.S. trade policy, noting that President Trump’s 32% tariff on Taiwanese imports excluded semiconductors. However, the executive acknowledged potential indirect impacts if higher prices dampen consumer electronics demand.
Wei stated his only fear was a global economic slowdown, reflecting broader uncertainty about sustained AI infrastructure spending. The chipmaker has committed $165 billion to U.S. manufacturing expansion, partly addressing Washington’s supply chain concerns.
TSMC’s bullish outlook contrasts with recent volatility in semiconductor stocks, as investors question the durability of AI-driven growth and evaluate competitive threats from emerging technologies.
