Taiwan Semiconductor Manufacturing (TSM) CEO C.C. Wei stated on Thursday that the company is confident about its growth over the coming years, driven by robust demand for computing power and advanced semiconductors fueled by the artificial intelligence boom.

Speaking at the company's annual shareholder meeting, Wei noted that customers remain optimistic about AI prospects, even as the company continues to monitor the impact of rising component costs.

"We continue to observe an increasing adoption rate of AI models across consumer, enterprise, and sovereign AI applications," Wei said.

"This trend is driving demand for greater computing power, which in turn supports strong demand for advanced semiconductor chips."

He stated that TSMC is working at full capacity to meet all customer demand. However, he indicated it would still take a "considerable amount of time" to fully satisfy U.S. customer needs through onshore production in America, without specifying a timeframe.

Wei highlighted TSMC's exceptional performance over the past year, with its share price climbing from NT$950 on June 3 last year to NT$2,425 this past Wednesday.

"Employee profit-sharing increased by about 30% from 2023 to 2024, and from 2024 to 2025 it grew by another approximately 30%," he said. "We are confident it will increase by another 30% in 2026."

"We believe this provides substantial returns for our employees," he added, noting that there is no 30% cap on the annual growth rate of employee profit-sharing, as it is expected to continue rising.

Looking ahead, Wei identified autonomous vehicles as a long-term growth engine for the company, stating that TSMC is fully committed to ensuring the success of its robotics business.

In April, TSMC, a major supplier to Nvidia, raised its annual revenue forecast and announced it would increase its capital expenditure for this year to meet persistently strong demand for its products.