Reported 8 months ago
S&P Global Ratings report on June 16, 2024, highlights enterprises ramping up IT investments with a significant focus on AI. With the rapid growth of AI in the global tech industry, TSMC is expanding its AI chip advanced packaging capacity to meet strong demand. The report states that enterprises boosting IT investment, particularly in AI, are driving explosive growth in memory prices. TSMC's semiconductor growth rate for 2024 is expected at 8%, fueled by robust demand for AI chips, while AI server revenues are projected to double. The report underscores a surge in AI investments by hyperscalers, propelling demand for AI chips and memory. Additionally, semiconductor sales in Q1 saw a 15% YoY increase mainly due to robust DRAM and NAND prices rebound, with memory revenue almost doubling, driven by strong demand for high-bandwidth memory (HBM) for AI applications. TSMC plays a critical role in AI chip supply with its advanced packaging technology, aiding customers like NVIDIA to shorten chip delivery times significantly and enhance overall supply chain efficiency.
Source: YAHOO