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TSMC Raises 2025 Outlook to Boost AI Demand Optimism
The Straits Times
|July 18, 2025
Taiwan Semiconductor Manufacturing Co raised its outlook for 2025 revenue growth, shoring up investors' confidence in the momentum of the global artificial intelligence (AI) spending spree.
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The world's biggest contract chip-maker on July 17 forecast sales growth of about 30 per cent in US dollar terms in 2025, up from mid-20 per cent previously. That reinforced expectations that tech firms from Meta Platforms to Google will keep spending to build the data centres essential to AI development. Nasdaq stock index futures swung to gains.
TSMC's move underscores resilient demand for high-end chips from the likes of Nvidia and AMD, which is outpacing production capacity. Chief executive C.C. Wei, seeking to dispel persistent speculation that tech firms may curtail spending, affirmed during a shareholder meeting in June that AI orders continue to run hot.
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