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.

Taiwan Semiconductor Manufacturing Company (TSMC) chief executive officer C.C. Wei said Tuesday that U.S. tariffs are creating some business pressure, although indirectly, and warned that rising costs could affect operations as the company invests heavily in new U.