TSMC raised its full-year revenue forecast due to surging demand for chips used in artificial intelligence. The company rejected the idea of a joint venture factory in the United States.
Chairman and CEO C.C. Wei highlighted the high demand for AI functionality in devices: 'AI is so hot; right now everybody, all my customers, want to put AI functionality into their devices.'
TSMC is investing in new factories in the U.S., Japan, and Germany but stated a firm 'no' to a joint venture in the United States amidst U.S. political pressure.
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