US EditionTSMC forecasts record profit in 2025 on soaring AI demand
- TSMC Chairman and CEO C.C. Wei announced at the June 3, 2025 annual meeting in Hsinchu that the company forecasts record earnings driven by soaring AI chip demand.
- This projection follows persistent high demand for AI chips causing a supply imbalance while indirect impacts from US tariffs and a strong Taiwan dollar pose challenges.
- TSMC is working with clients such as Nvidia to increase production capacity in response to growing AI demand, and the company has rejected rumors about establishing manufacturing facilities in the Middle East.
- Wei expressed confidence that the company's revenue and earnings will reach unprecedented levels this year, although he cautioned that fluctuations in currency, including an 8% increase in the Taiwan dollar, could substantially reduce profit margins.
- TSMC plans to maintain compliance with US export controls and uphold technology leadership while the strong AI sector demand is expected to offset tariff and currency pressures moving forward.
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TSMC's CEO, CC Wei, said he is afraid of a global economic slowdown.I-Hwa Cheng/AFP/Getty ImagesTSMC, the world's largest contract chipmaker, says it's benefiting from strong AI demand.While Nvidia dominates the AI space with its GPUs, there are competitors, including ASICs.TSMC's CEO, CC Wei, said the company makes both GPUs and ASICs.As competition heats up in the AI chip race for graphic processing units and application-specific integrated ci…
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