The world’s biggest contract chipmaker on Thursday forecast sales growth of about 30 per cent in US dollar terms this year, up from mid-20 per cent previously.
That reinforced expectations that tech firms from Meta Platforms to Google will keep spending to build the data centres essential to AI development. Nasdaq stock index futures swung to gains.
TSMC’s move underscores resilient demand for high-end chips from the likes of Nvidia and Advanced Micro Devices, which is outpacing its production capacity.
CEO C.C. Wei affirmed during a shareholder meeting in June that AI orders continued to run hot, seeking to dispel persistent speculation that tech firms may curtail spending.
This was “supporting the AI value chain, and AI optimism still holds,” said Billy Leung, investment strategist at Global X ETFs in Sydney.
