(Bloomberg) -- Taiwan Semiconductor Manufacturing Co.’s C.C. Wei, who on Tuesday became the first person to hold the dual roles of chairman and chief executive officer in years, reaffirmed expectations for AI development to drive a 2024 industry recovery.Most Read from BloombergKey Engines of US Consumer Spending Are Losing Steam All at OnceGameStop Shares Surge as Gill’s Reddit Return Shows Huge BetMnuchin Chases Wall Street Glory With His War Chest of Foreign MoneyHomebuyers Are Starting to Re
HSINCHU/TAIPEI, Taiwan (Reuters) -Taiwanese contract chipmaker TSMC, whose major clients include Nvidia and Apple, said on Tuesday it had held talks with some customers about moving its chip plants off the island as tensions mounted with China but such a move would be impossible. Tensions between China and Taiwan have increased sharply since Beijing launched war games around the democratically governed island last month following inauguration of Taiwan President Lai Ching-te, who Beijing denounces as a "separatist". "Instability across the Taiwan Straits is indeed a consideration for supply chain, but I want to say that we certainly do not want wars to happen," Taiwan Semiconductor Manufacturing Co (TSMC) Chairman C.C. Wei told reporters after the company's annual general meeting.
Investing.com -- Taiwan Semiconductor Manufacturing Company (TW:2330) is set to be bolstered by the latest wave of artificial intelligence-optimized chips announced by Nvidia (NASDAQ:NVDA), according to analysts at Goldman Sachs.