Taiwan Semiconductor Manufacturing (TSM) CEO C.C. Wei told shareholders at the annual meeting in Taiwan that AI chip demand will outpace supply for years to come, even as the company expands its manufacturing footprint. Wei’s commentary indicated production capacity is a bottleneck as hyperscalers and chip companies invest heavily in AI infrastructure. According to a Bloomberg report, Wei said TSMC will not be able to meet demand from its American customers even after its U.S. manufacturing facilities become operational. Despite the supply-demand gap, Wei added that TSMC will refrain from suddenly raising prices to maintain a stable business. Two plots of land acquired in Arizona should be enough to satisfy TSMC’s needs for a decade, Wei said. As part of the U.S.-Taiwan trade pact, TSMC envisions building at least four more U.S. chipmaking plants on top of six already planned, totaling 10 facilities with $165 billion in announced investments plus roughly $100 billion in additional capital. At the time of writing, TSM stock was down over 2% premarket on Thursday.