Wei Zhe Jia: Strong AI Demand Continues to Drive TSMC's Growth Above Industry Average This Year

TSMC Chairman and CEO C.C. Wei stated in the shareholders' report that 2025 will be another year of strong growth for TSMC. Although macroeconomic uncertainties continue to exist in 2025, AI-related demand is expected to remain strong, and TSMC's performance is expected to continue to grow above the industry average. Wei pointed out that in 2024, demand related to artificial intelligence (AI) was strong, while terminal markets not related to AI had bottomed out and showed a mild recovery. The global wafer manufacturing 2.0 industry grew by 16% year-on-year, and TSMC's US dollar revenue increased by 35.9%, reaching new historical highs in both revenue and earnings per share. TSMC's revenue in 2024 was NT$3.809 trillion, with EPS of NT$66.25. Wei said that the AI market continued to develop very positively in 2024, with the number of tokens processed by large language models showing explosive growth, indicating increased adoption of consumer AI models. Enterprise AI is another source of demand, as companies like TSMC are using AI internally to improve productivity and efficiency, creating more value. Furthermore, the demand for sovereign AI is growing. Wei stated that belief in the long-term development trend of AI is strengthening, and the market's structural demand for semiconductors is crucial. Wei said that TSMC, as a provider of wafer manufacturing services, has a primary responsibility to provide the most advanced technology and sufficient capacity to fully support customers in unleashing their product innovations. Looking ahead, Wei stated that the adoption rate of AI models in consumer, enterprise, and sovereign AI fields continues to rise. This will drive demand for more computing power, thereby supporting strong demand for advanced semiconductor chips. Wei said that we are currently entering an AI-empowered world, where AI will not only be used in data centers but will also be applied to personal computers, smartphones, automobiles, and even IoT devices in the future. Wei stated that TSMC will continue to invest in technology and capacity to support customer growth, while adhering to its specialized field to ensure shareholders receive sustainable and stable investment returns.