Taiwan Semiconductor Manufacturing CEO CC Wei said Tuesday that while U.S. tariffs tied to Trump-era policies have created indirect headwinds, soaring AI chip demand continues to exceed the company’s supply. Speaking at TSMC’s annual shareholder meeting, Wei clarified that as an exporter, TSMC isn’t directly affected by tariffs, though price increases may dampen global demand. He emphasized that AI-related chip demand remains "very strong," consistently outpacing available supply. Wei denied reports of plans to build factories in the UAE and confirmed adherence to U.S. and Taiwanese export controls after halting shipments to China’s Sophgo. TSMC shares closed up 0.79% on Monday but remain down 3.34% year-to-date.