During the latest quarterly earnings call with analysts, TSMC CEO C.C. Wei discussed the impressive growth in both revenue and profit. He emphasized the soaring demand for AI-related products throughout the second half of 2024, leading to increased production rates for 3 and 5 nanometer technology products.
When questioned about the sustainability of the current AI demand, Wei confidently stated that it is indeed genuine. TSMC itself utilizes AI and Machine Learning in its manufacturing and research processes, resulting in enhanced production efficiency, speed, and quality. Even a 1% increase in production translates to an additional billion dollars for TSMC. This trend indicates a widespread adoption of AI across various industries to boost operational efficiency.
Prior to this, NVIDIA CEO Jensen Huang, a key customer of TSMC, expressed his enthusiasm for AI chip demand as “insane.”
TLDR: TSMC CEO affirms genuine high demand for AI-related products, highlighting the significant impact of AI on production efficiency and overall business performance.
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