TSMC CEO C.C. Wei stated after a shareholder meeting on Thursday that 'Customer demand is so high, and we can only support so much,' and that it could take a 'very long time' to fulfill customers' needs with US-based production, according to Reuters.
TSMC has already opened a factory in Arizona and plans to invest $165 billion to build three additional plants in the US, alongside two advanced packaging facilities and a research and development center.
The surge in AI use has already created shortages of RAM and NAND Flash memory expected to last for years, and the semiconductor industry could become a $1 trillion industry by 2027 according to Deloitte research.
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