"We're doing everything we can": Price hikes at the world's largest chipmaker seem inevitable, and the fallout will be felt everywhere

Chief Financial Officer of Taiwan Semiconductor Manufacturing Co. Ltd. (TSMC) Wendell Huang gives a talk 2023 annual shareholders meeting at Ambassador Hotel, in Hsinchu, Taiwan, on Tuesday, June 6, 2023.

Taiwan Semiconductor Manufacturing Company (TSMC) is a cornerstone of the global chip supply, accounting for roughly 70% of the world's foundry production (and more if you're talking only about the most cutting-edge semiconductors).

Considering the Taiwanese firm supplies tech giants like NVIDIA, Qualcomm, AMD, and Apple with chips, if there's one company that I don't want to see discuss price increases, it's TSMC.