Core Viewpoint - TSMC's chairman highlighted strong demand for AI chips despite some impact from US tariffs, with the company maintaining a market cap above $1 trillion [1][3]. Group 1: Company Performance and Market Position - TSMC's stock price increased by approximately 1% following the shareholder meeting, recovering from earlier declines this year [1]. - The company is the leading advanced semiconductor manufacturer globally, serving major clients like Apple, AMD, and NVIDIA [1]. - TSMC's capital expenditure is projected to exceed $40 billion this year, reflecting a long-term focus on AI-driven chip manufacturing demand [3]. Group 2: Impact of Tariffs and Pricing - Although tariffs have had some effect, TSMC has not observed significant changes in customer behavior due to tariff uncertainties [1][2]. - The tariffs may lead to a slight increase in wafer prices, potentially affecting demand [2]. - The cost of TSMC's 2nm process has surged to $30,000 per wafer, indicating rising foundry prices driven by substantial R&D investments [4]. Group 3: Technological Advancements - TSMC is set to launch its 2nm process, with AMD's next-generation Zen 6 processor being the first to utilize this technology [2]. - The company announced plans for the next-generation A14 chip manufacturing technology, expected to be operational by 2028 [3]. Group 4: Competitive Landscape - TSMC remains the only reliable supplier for its advanced N2 manufacturing process, holding significant pricing power in the market [4]. - Major clients like NVIDIA are exploring alternatives to TSMC's N2 process from other foundries, indicating competitive pressures [4]. - Intel is actively expanding its foundry business, aiming to surpass TSMC in manufacturing the fastest chips [5].