Source: Wall Street See
Author: Li Xiaoyin.

On Tuesday, June 4th, Taiwan Semiconductor held its shareholder meeting. Chairman Liu Deyin attended and responded to shareholders' questions. At the meeting, the board of directors of Taiwan Semiconductor confirmed that the current vice chairman and president, Wei Zhejia, will be the new chairman.

AI demand is more optimistic than a year ago.

Liu Deyin stated that it is expected that AI demand will be more optimistic than a year ago. With the application of AI and the higher requirements for chips, Taiwan Semiconductor is confident in its future growth.

Regarding the issue of AI development and application, Liu Deyin stated that the company does not intend to change its business model and customer competition and does not plan to invest in AI services.

There is no plan to split shares or buy back shares, and the company prefers to issue more dividends.

A shareholder's question was raised whether TSMC would consider a stock split as its share price rises.

Liu Deyin responded that the company's capital expenditures are high and its stock price is not as high, and therefore, the company does not plan to buy back shares. The company prefers to issue more dividends to shareholders directly.

In the future, Taiwan Semiconductor will closely cooperate with the government on hydropower issues.

Taiwan Semiconductor's customer, AMD, recently announced a new product, and there are rumors that the CEO of another major customer, Nvidia, met with TSMC executives. Liu Deyin jokingly responded, "Don't ruin our relationship with all our customers."

Wei Zhejia added: Both companies have a very good relationship with us, and we are all growing together.

In addition, Taiwan Semiconductor stated that the company currently uses about 8% of the electricity in Taiwan, China, and it is expected that it will use 10%-12% of electricity in Taiwan, China by 2030. In the future, the company will closely cooperate with the government on hydropower issues.

Editor/Jeffy