TSMC CEO Expresses 'Envy and Jealousy' Towards Memory Manufacturers' 86% Gross Margin, Clearly States AI Strong Demand Will Continue Until 2030

BlockBeats News, July 16th, TSMC today released better-than-expected quarterly results and significantly raised its full-year revenue and capital expenditure outlook. Chairman and CEO Mark Liu stated during the meeting, "I am very envious" of the storage companies with up to an 86% gross margin, while also clearly stating that AI is a brand-new industry, and strong demand will continue until 2030.

TSMC's second-quarter financial report shows a net profit of NT$706.6 billion, exceeding the market's expectation of NT$623.73 billion; the gross margin was 67.7%, also better than the market forecast. Mark Liu expressed his envy of the storage companies' 86% gross margin, saying he "really envies" them. However, he emphasized that as a partner of storage customers, TSMC will not suddenly raise prices significantly to squeeze customers out of the market. "Our customers must succeed. One of my Korean competitors did indeed make a lot of money, to be honest, I am very envious."