Hsinchu-based TSMC weathered a year of muted demand for personal electronics last year, which Nvidia Corp.’s highly sought-after AI chips helped make more tolerable. Now the AI boost is pairing with rising prospects for consumer demand, though TSMC Chief Executive Officer C.C. Wei has cautioned about the pace of any recovery.
The company’s shares soared to an all-time high in April, as it remains in an enviable position to benefit from the rise of AI technology, being Nvidia’s sole manufacturer for the most advanced training chips. TSMC also fabricates semiconductors for Apple Inc., which just announced a new lineup of iPads, and Advanced Micro Devices Inc., the closest competitor to Nvidia in the AI chip race
