Taiwan Semiconductor Manufacturing Co. has warned that tighter US export controls could create new risks for the global chip supply chain, even as demand tied to NVIDIA and the broader AI boom continues to climb. The company’s comments highlight the growing tension between Washington’s technology restrictions and the industry’s need for advanced semiconductors.

TSMC is one of the world’s most important chip manufacturers, producing the high-end processors that power AI data centers, cloud services, and advanced computing systems. With orders remaining strong, the company said it is watching policy changes closely because limits on certain technologies and equipment can affect production planning and customer deliveries.

The warning comes at a time when governments are trying to balance national security concerns with the commercial reality of rapid AI expansion. For suppliers like TSMC, that means navigating a more uncertain environment even as demand from major customers such as NVIDIA keeps increasing.

The company did not indicate an immediate shutdown or crisis, but its caution underscores how export rules can ripple through global manufacturing networks. For technology firms and investors, the message is clear: AI growth remains strong, but supply chains are becoming more exposed to political and regulatory pressure.