TSMC convened a shareholders' meeting, during which Chairman Wei Zhejia expounded on his perspectives regarding AI demand. He highlighted that AI is undergoing a transformation, shifting from generative and query-driven models to agent-based and command-action models. This evolution is fueling an increase in token consumption for large language models as they process text. Consequently, the demand for computing power is on a continuous upward trajectory, thereby further stimulating the demand for cutting-edge semiconductors. Both TSMC's customers and their end-users harbor an optimistic view of the AI industry's prospects. Wei Zhejia underscored TSMC's unwavering confidence in the pivotal AI trends that will unfold in the years ahead, noting that these trends provide a solid foundation for semiconductor demand. Leveraging its technological edge and a diverse customer portfolio, the company remains resolute in its confidence, projecting that its full-year revenue growth, measured in US dollars, will exceed 30% this year.