Published: Thursday, January 16, 2025 · 11:20 AM | Updated: Thursday, January 16, 2025 · 11:20 AM
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TSMC (TSM, Financial) CEO C.C. Wei announced he will not attend the U.S. President-elect Trump’s inauguration, nor will TSMC make any donations. Wei emphasized TSMC’s preference to remain low-profile during these politically sensitive times, particularly as the U.S. tightens restrictions on advanced chip exports to China. These new regulations, introduced by the Biden administration, specifically limit AI accelerator sales to China.
TSMC’s clients, including NVIDIA (NVDA), have expressed concerns that these restrictions could hamper American innovation. Despite these geopolitical challenges, TSMC has reported better-than-expected revenue and capital expenditure forecasts for 2025, boosting market sentiment.
TSMC’s positive outlook aligns with the ongoing AI investment wave, a trend that has elevated companies like NVIDIA. The demand for data center expansions has surged, partly driven by the rise of AI technologies such as ChatGPT. However, concerns about a potential AI bubble persist, given the current lack of profitable large-scale AI applications.
Amidst the U.S.-China tech conflict, TSMC is navigating uncertainties that could potentially disrupt global supply chains. Yet, Wei reassured that the impact on TSMC’s business appears “manageable.” He noted that the restrictions do not affect chips for sectors like automotive and cryptocurrency mining. Wei stated confidently that they have “100% confidence” in avoiding leaks into restricted areas.
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