On Tuesday, TSMC (2330) held its shareholders meeting, attracting over 500 shareholders and media participants. Many shareholders expressed their appreciation for the company's international presence. Chairman Wei Zhejia anticipated active questioning from smaller shareholders, thus adjusting the agenda to shorten reporting times and enhance communication.

When a shareholder inquired about the impact of the New Taiwan dollar appreciation, Wei stated that each 1% appreciation would result in a 0.4% decrease in TSMC's operating margin. While acknowledging significant impacts, he reiterated that there is no alternative but to continue striving for technological excellence. On the tariff front, he clarified that while TSMC is affected indirectly by such measures, as an exporter, they don't face direct impacts, but price increases could reduce demand, despite the continued strong demand for AI products.

Regarding the safety of technology when setting up factories abroad, Wei confidently asserted that the company's advancements are not easily stolen, attributing this to the complexity of TSMC's production processes. He noted that investments in humanoid robotics could yield contributions to operations within a few years. He expressed caution about potential overcapacity, emphasizing the importance of verifying customer demand to ensure the feasibility of their investments.

Finally, the meeting approved quarterly cash dividends, and TSMC expressed its commitment to continue returning value to its shareholders.