TSMC (TSM.N) co-chief operating officer Hou Yongqing announced on Tuesday that the company's demand for chip-making equipment has nearly doubled compared to late last year, as the company expands capacity to meet artificial intelligence requirements. The chipmaker has raised its quarterly equipment procurement forecast to about 1.9 times the level predicted in December, Hou stated. He attributed the increase to strong demand from AI developers and the massive expansion of global data centers, which are further driving chip demand. Additionally, TSMC is facing a shortage of experienced construction workers as it attempts to build and equip about 20 factories in Taiwan and overseas—an expansion scale unprecedented in its history. Previously, TSMC typically advanced four to five new plants at a time. "We are now moving at about four to five times the past speed, but still cannot meet demand," Hou said. This is the latest sign of the AI-driven chip boom.
TSMC Doubles Quarterly Equipment Spending to Meet AI Demand
TSMC (TSM.N) co-chief operating officer Hou Yongqing said on Tuesday that the company's demand for chip-making equipment has nearly doubled compared to late last year, as it expands capacity to meet artificial intelligence requirements. The chipmaker has raised its quarterly equipment procurement forecast to about 1.9 times the level predicted in December, Hou stated.
This is the latest sign that strong demand from AI developers and the massive expansion of global data centers are further driving chip demand. TSMC also faces a shortage of experienced construction workers as it tries to build and equip about 20 factories in Taiwan and overseas, an expansion scale unprecedented in its history. Previously, TSMC typically advanced four to five new plants at a time. "We are now moving at about four to five times the past speed, but still cannot meet demand," Hou said.
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