Taiwan Semiconductor Manufacturing CEO CC Wei said Tuesday that while U.S. tariffs tied to Trump-era policies have created indirect headwinds, soaring AI chip demand continues to exceed the company’s supply. Speaking at TSMC’s annual shareholder meeting, Wei clarified that as an exporter, TSMC isn’t directly affected by tariffs, though price increases may dampen global demand. He emphasized that AI-related chip demand remains "very strong," consistently outpacing available supply. Wei denied reports of plans to build factories in the UAE and confirmed adherence to U.S. and Taiwanese export controls after halting shipments to China’s Sophgo. TSMC shares closed up 0.79% on Monday but remain down 3.34% year-to-date.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02Taiwan Semiconductor Manufacturing CEO C.C. Wei said Tuesday that while U.S. tariffs tied to
00:07Trump-era policies have created indirect headwinds, soaring AI chip demand continues to exceed the
00:13company's supply. Speaking at TSMC's annual shareholder meeting, Wei clarified that as an
00:18exporter, TSMC isn't directly affected by tariffs, though price increases may dampen global demand.
00:24He emphasized that AI-related chip demand remains very strong, consistently outfacing available
00:28supply. We denied reports of plans to build factories in the UAE and confirmed adherence
00:33to U.S. and Taiwanese export controls after halted shipping into China's softco. TSMC's
00:38shares closed up 0.79% on Monday, but remained down 3.34% year-to-date.
00:43For all things money, visit Benzinga.com slash GSTV.