TSMC's Liu Deyin: Expects AI demand to be more optimistic than a year ago
TSMC held its shareholders' meeting today, where Chairman Liu Deyin officially handed over the reins to Wei Che-chia
On Tuesday, June 4th, Taiwan Semiconductor held its shareholders' meeting, with Chairman Liu Deyin in attendance responding to shareholders' questions. During the meeting, the board of directors of Taiwan Semiconductor confirmed that the current Vice Chairman and President, Wei Zhejia, will be the new Chairman.
Optimistic AI Demand Compared to a Year Ago
Liu Deyin stated that the expected demand for AI is more optimistic than a year ago. With the increasing application of AI and higher requirements for chips, Taiwan Semiconductor is confident in its future growth.
Regarding the question of AI development applications, Liu Deyin mentioned that there are no plans to change Taiwan Semiconductor's business model and compete with customers, nor are there plans to invest in AI services.
No Stock Split, No Repurchase Plan, Inclination Towards Dividend Distribution
Shareholders raised concerns about whether Taiwan Semiconductor would consider a stock split due to the increasing stock price.
Liu Deyin responded that the company has high capital expenditures while the stock price is not as high. There will be no stock repurchase, and the company is inclined to directly distribute more dividends to shareholders.
Future Collaboration on Hydroelectric Issues with the Government
Recently, Taiwan Semiconductor's customer AMD launched new products, and there were reports that another major customer, NVIDIA's CEO Huang Renxun, met with senior executives of Taiwan Semiconductor. A shareholder asked about the basis for these actions. Liu Deyin humorously replied, "Don't ruin our relationships with all our customers."
Wei Zhejia added, "Both companies have very good relationships with us, and we are growing together with them."
Furthermore, Taiwan Semiconductor stated that the company currently consumes about 8% of Taiwan's electricity and is expected to use 10%-12% of Taiwan's electricity by 2030. In the future, they will closely cooperate with the government on hydroelectric issues.