TSMC does not rule out price rises as inflation pushes up chip manufacturing costs

TL;DR TSMC’s CFO said inflation is raising costs and won’t rule out price rises, while its CEO said AI chip shortages will last years. Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, told the BBC that inflation is pushing up its costs and did not rule out raising prices. CFO Wendell Huang said the company would not impose sudden “fourfold, fivefold” increases but acknowledged that costs have risen. “We reflect our value,” he said, pointing to TSMC’s technology leadership and manufacturing scale. The comments came after TSMC’s annual shareholder meeting in Hsinchu, where chairman and CEO CC Wei told investors…