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Taiwan's TSMC anticipates continued growth, buoyed by the surging demand for semiconductors amid an AI boom.

TSMC anticipates ongoing growth driven by increased semiconductor demand from the AI sector.

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Taiwan's TSMC, a leader in contract chip manufacturing, anticipates continued growth, buoyed by the surging demand for semiconductors amid an AI boom, CEO C.C. Wei announced on Thursday. During TSMC's annual shareholders' meeting in Hsinchu, Wei emphasized the company's strategic expansion plans in the U.S. and its firm commitment to employee profit-sharing, highlighting sustained demand for semiconductors across various applications. As Taiwan hosts the Computex conference, showcasing its pivotal role in the tech industry, TSMC remains focused on innovation and managing geopolitical challenges, particularly the threat from China. (With inputs from agencies.)
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