What the CEO of Taiwan Semiconductor Manufacturing Company Limited (TSM) Predicts for the Future

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the top high-growth stock picks, with shares gaining over 40% in the past six months and more than doubling in the past year.

The company is working hard to meet the AI-driven demand for semiconductor chips, according to the CEO C.C. Wei. Speaking at the company's annual shareholder meeting, Wei noted that demand is high and TSMC doesn't want to become the bottleneck in the AI supply chain.

TSMC is expanding its production capacity, planning to build new factories in the US, investing $165 billion in the US production project. However, Wei said it will take time before TSMC can meet customers' needs for US-based production.

As it expands production, TSMC has identified robots and autonomous vehicles as long-term growth drivers. According to the CEO Wei, TSMC will focus on ensuring the success of robots. The company may raise prices for customers due to rising component costs.

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is the world's largest chip foundry, manufacturing various semiconductor chips on a contract basis for customers like Apple, Qualcomm, Nvidia, and AMD.

The company's strategy and growth prospects are a significant topic of interest, making it a valuable stock to watch.

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