TSMC Shrugs Off Iran War Fears, Hikes Revenue Forecast
TSMC CEO says AI demand remains rock-solid after checking with customers, projects 30%+ revenue growth despite geopolitical turmoil.
TSMC isn't sweating the geopolitics. CEO C.C. Wei says the chipmaking giant directly polled its customers about AI demand amid the Iran war — and got a reassuring answer: still strong.
The Taiwan-based semiconductor powerhouse is now projecting revenue growth of more than 30%, a bump from previous forecasts. Wei also indicated the company doesn't see material disruptions to its supply chain despite the ongoing conflict.
That's a big deal. TSMC manufactures the vast majority of the world's most advanced chips, including the AI accelerators powering the current boom. Any wobble in its outlook would send shockwaves through the entire tech sector.
Instead, the opposite happened. Customers confirmed their AI appetite isn't fading, and TSMC is betting bigger. The message is clear: the AI buildout rolls on, war or no war.