TSMC upbeat on outlook as robust AI demand offsets tariff uncertainty

TAIPEI – Taiwan Semiconductor Manufacturing Company (TSMC) gave a bullish outlook for the year on robust demand for AI applications, adding that while there was uncertainty over US tariffs, the world’s largest contract chip manufacturer had yet to see any change in customer behaviour.

The Taiwanese company, a bellwether for the global chip industry, stood by its annual outlook for sales and capital spending on April 17 and forecast artificial intelligence (AI) chip revenue to double.