TSMC anticipates that the "new golden age of opportunity with AI" will drive a 10% increase in sales within the chip industry.

Reported 6 months ago

TSMC, a Taiwanese chipmaker, is expecting a 10% growth in the global semiconductor industry, excluding memory chips, driven by AI technologies. The company's senior vice-president highlighted the new opportunities presented by AI, with TSMC estimating a potential 30% rise in second-quarter sales due to increased demand for semiconductors in AI applications. This growth outlook aligns with the World Semiconductor Trade Statistics forecast of a 13.1% increase in the global semiconductor market for 2024.

TSMC anticipates that the "new golden age of opportunity with AI" will drive a 10% increase in sales within the chip industry.

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