On Thursday, Taiwan Semiconductor Manufacturing Company (TSMC) reported record fourth-quarter earnings and said it expects AI chip demand to continue for years. During an earnings call, CEO C.C. Wei told investors that while he cannot predict the semiconductor industry’s long-term trajectory, he remains bullish on AI.

Taiwan sought to downplay concerns its tech industry is being hollowed out by a US trade deal, as Taiwan Semiconductor Manufacturing Co. and other chipmakers invest hundreds of billions of dollars in America.

TSMC just committed $56 billion to AI chip manufacturing capacity. That’s not money disappearing into factories. It’s money flooding into the equipment makers who build those factories. Three suppliers stand to capture the lion’s share of this windfall,

TSMC says leading-edge manufacturing stays in Taiwan, while newer technology could move to US sites after it stabilizes.

Taiwan’s premier hailed a new trade deal with the United States, while an official in Beijing condemned the accord.

Chipmaker buys 900 Arizona acres and forecasts 30% spending jump as AI chip demand drives U.S. expansion with yields matching Taiwan.