Taiwan Semiconductor Manufacturing Co. Ltd.2330
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CEO states AI demand will remain very strong through 2029-2030, driving additional $100B investment.

Taiwan Semiconductor Manufacturing announced an additional $100 billion investment in its Arizona chip production facilities during its second quarter conference call. CEO C.C. Wei stated that AI demand will remain very strong through 2029 to 2030 and is likely creating a new industry. The investment underscores robust chip demand and signals that the AI build-out is far from over. TSMC's stock trades at 23.4 times forward earnings.
Taiwan Semiconductor Manufacturing Co. Ltd.CEO states AI demand will remain very strong through 2029-2030, driving additional $100B investment.