TSMC says AI to drive growth for years despite political concerns

Company to hike capex around 40% in 2025, says U.S. plant to weigh on margins

20250116 TSMC logo

Industry analysts predict strong demand for AI chips will continue to fuel growth for TSMC in 2025, but some caution its U.S. expansion could weigh on its profit. (Photo by Shinya Sawai)

CHENG TING-FANG and LAULY LI, Nikkei Asia tech correspondents

TAIPEI -- Taiwan Semiconductor Manufacturing Co. says it expects its AI-related revenue to grow 45% annually for the next five years and that artificial intelligence will be the strongest growth driver despite mounting geopolitical uncertainties.

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