Taiwan Semiconductor Manufacturing Co. (TSMC) has raised its revenue outlook, citing demand for artificial intelligence chips that continues to significantly outstrip available supply.
The world's largest contract chipmaker signaled that the current momentum in the AI sector is likely to persist for the foreseeable future, providing a strong tailwind for the broader semiconductor industry.
TSMC recently reported a significant jump in second-quarter revenue, driven by sustained orders for advanced logic chips.
TSMC CEO Che-Chia Wei made the comments during an address in Hsinchu, emphasizing the structural imbalance between customer orders and production capacity.
The upgrade to the revenue target underscores the foundry's confidence in the durability of capital expenditure cycles among major technology firms, which are aggressively expanding their AI infrastructure.
This development follows a period of robust financial performance for the company.
TSMC recently reported a significant jump in second-quarter revenue, driven by sustained orders for advanced logic chips.