TSMC CEO directly said he is “jealous and envious” of storage vendors’ 86% gross margin, and clearly stated that strong AI demand will continue through 2030

BlockBeats news, July 16: TSMC today released better-than-expected quarterly results and comprehensively raised its full-year revenue and capital expenditure outlook. At the meeting, Chairman and CEO Wei Zhejia said plainly, “I really envy and am jealous” of storage manufacturers’ gross margin of 86%, while also making it clear that AI is a brand-new industry and that strong demand will continue through 2030.

TSMC’s Q2 financial report shows net profit of NT$7066 billion, higher than the market’s expected NT$6237.3 billion; gross margin was 67.7%, also better than market expectations. At the meeting, Wei Zhejia said plainly that seeing storage companies’ 86% gross margin, he “is really jealous,” but Wei Zhejia also emphasized that, as a partner to storage customers, TSMC will not suddenly raise prices significantly to push customers out of the market. “Our customers must succeed. One of my Korean competitors really did make a lot of money, and honestly, I’m envious.”