TL;DR: TSMC's 5nm and 3nm production lines are fully booked until mid-2025 due to high demand for AI, Qualcomm, and MediaTek chips. AI chip orders will keep 5nm lines over 100% utilized in early 2025.
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After the TSMC 7nm UEV design, the fab is going to work on the 5nm process. This should be a significant leap. As compared to the 7nm process the 5nm process should consume 20% less power.