TSMC’s CEO bluntly voiced “envy” over storage manufacturers’ 86% gross margin, and clearly stated that strong AI demand will persist through 2030.

TSMC today released better-than-expected quarterly results and raised its full-year revenue and capital expenditure outlook across the board. Chairman and CEO C.C. Wei stated at the meeting that he is "very envious" of the 86% gross margin posted by memory chip makers, and also emphasized that AI is a brand-new industry with strong demand that will persist through 2030. TSMC’s Q2 financial report shows net profit of NT$706.6 billion, exceeding the market expectation of NT$623.73 billion; its gross margin stood at 67.7%, also beating market forecasts. Wei reiterated at the meeting that seeing the 86% gross margin of memory firms, he is "truly envious", but stressed that as a partner of its memory chip customers, TSMC will not suddenly raise prices sharply and drive clients out of the market. "Our customers must succeed. One of my South Korean competitors has indeed made a lot of money, and frankly, I am envious," he said.