00:00It's Benzinga bringing Wall Street to Main Street.
00:02CEO Jensen Huang praised Taiwanese suppliers during a visit to Taiwan,
00:06urging higher output to meet strong artificial intelligence demand and signaling another
00:11strong year for business, according to Reuters. Speaking outside a Taipei restaurant after hosting
00:17a dinner for major suppliers, Wang said Taiwan's semiconductor manufacturing co. needs to produce
00:22more wafers to support demand. He said TSMC is working hard and expects capacity to expand by
00:28more than 100% over the next decade. TSMC last month said capital spending could rise up to 37%
00:35this year to $56 billion and increase in 2028 and 2029 due to AI demand. Huang, who emigrated to the
00:43United States as a child, draws large crowds of fans on his visits to Taiwan, where local media
00:49refer to him as the people's dad. For all things money, visit Benzinga.com.
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