TAIPEI - Shares of Taiwan Semiconductor Manufacturing Company (TSMC) saw a modest increase to $99.74 Friday following statements by CEO Dr. C.C. Wei at the Supply Chain Management Forum on Thursday. Dr. Wei emphasized the critical need for expanding capacity and managing costs due to the soaring demand for AI chips. He also pointed out the importance of improving power efficiency as the energy requirements for AI are expected to surge.
In his address, Dr. Wei elaborated on the potential of artificial intelligence to transform various sectors by advancing healthcare quality, enhancing automotive safety, and promoting efficient resource usage. As the leading manufacturer in high-end chip production with a significant market share over competitors like Samsung (KS:005930), TSMC is a vital player in the global semiconductor industry. The company is known for producing key components for major tech firms, including Nvidia (NASDAQ:NVDA)'s AI chips, Apple (NASDAQ:AAPL)'s iPhone processors, and Qualcomm’s mobile chipsets.
Despite facing economic headwinds and persistent inflation anticipated in 2024, Dr. Wei expressed confidence in the industry's ability to tackle the challenges of fabricating advanced AI semiconductors through collaborative efforts.
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