"TSMC is an exporter. However, tariffs can lead to slightly higher prices, and when prices go up, demand may go down." Wei went on to say that TSMC's business could be affected if demand drops, but claimed AI demand "has always been very strong and it's consistently outpacing supply." A report in May claimed that tariffs could increase tech prices by up to 70% across the globe. As Wei notes, TSMC faces no immediate exposure because its chips are exported to manufacturers, which incorporate them into their products. However, import duties on those could stifle demand, which could have a knock-on effect on TSMC, a problem that could take months to show up on the chipmaker's bottom line. Despite Wei's assurances, the company did recently address the U.S. Commerce Department, following a call for public comments regarding tariffs on semiconductors arriving on U.S. shores.