According to the Taiwan Economic Daily, TSMC Chairman and CEO Weijia Zhang thanked shareholders for their unwavering support during the company's annual shareholders meeting on June 4. He highlighted the recent rise in stock prices, plans for increased dividends, and growth projections due to AI demand.
Zhang noted that TSMC's stock price surged from NT$950 (approximately $31) at last year's shareholders meeting to NT$2,425 (about $80) the day before the meeting, stating, "The stock performance over the past year has been remarkable, increasing by more than 1.5 times."
He shared that the dividend for this year is expected to be at least NT$24, representing an increase of over 30% from the previous year. He expressed confidence that TSMC's performance will continue to surpass industry standards. Additionally, he projected that TSMC's revenue for 2025 would reach NT$3.8 trillion, a 31.8% increase from the previous year, and that the company would maintain over 30% revenue growth this year in dollar terms.
Zhang emphasized that AI demand is a key driver of long-term growth in the semiconductor industry. He stated, "We are entering a world empowered by artificial intelligence," predicting that AI will be applied not only in data centers but also in personal computers, smartphones, automobiles, and Internet of Things (IoT) devices. He added that TSMC's leading technology and exceptional manufacturing capabilities will continue to grow in value as a result.
He explained that the current trend in AI development is shifting from generative AI to agentic AI. In response to increasing AI demand, he anticipates continued large-scale capital investments for the foreseeable future. When asked during the Q&A session about when TSMC's capital expenditures might peak and when they could be reduced, he candidly replied, "Honestly, I don't know." He also stated, "I do not see any indicators suggesting that we need to reduce capital expenditures at this time."
However, based on forecasts from clients and their customers, he expressed optimism, saying, "The next few years will be good for everyone," indicating that TSMC's growth trajectory will continue. Zhang projected that TSMC's capital expenditures for this year would range from $52 billion to $56 billion, underscoring the company's strong confidence in future growth.
He stated, "We are continuously expanding our production capacity to support our customers' growth," while also ensuring that shareholders receive stable and sustainable investment returns. He concluded by expressing deep confidence in TSMC's growth over the coming years and reaffirmed the company's commitment to sustainable responsibility and sound corporate governance.
* This article has been translated by AI.
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