TSMC sees strong long-term growth as AI demand continues to accelerate (TSM) - MSN

Taiwan Semiconductor Manufacturing Company (TSMC) remains optimistic about its long-term growth prospects amid the accelerating demand for artificial intelligence (AI). At its annual shareholder meeti... Read original →

The AI compute arms race is pushing 3nm and below nodes to capacity limits. TSMC’s expansion isn’t just reacting to surging orders from NVIDIA—it’s reshaping the entire semiconductor stack: EUV tool lead times are stretching, CoWoS packaging bottlenecks are rippling into HBM and chiplet ecosystems. While its Arizona fabs carry geopolitical weight, U.S.-based manufacturing costs exceed Taiwan’s by over 30%, with immature talent pools and supply chains delaying meaningful output. Intel’s aggressive 18A roadmap and Samsung’s GAA transistor push pose threats, but TSMC’s yield dominance and scale form a formidable moat. Over the next 18 months, ‘advanced-node premiums’ will become structural, sidelining second-tier foundries from high-end AI chips. Meanwhile, delayed CHIPS Act disbursements will widen the gap between U.S. policy ambition and actual capacity realization.