Taiwan Semiconductor Manufacturing Co Ltd Sees Revenue Surge Due to AI Chip Demand
Thursday, 18 July 2024, 09:09
TSMC Revenue Forecast Update
In a recent announcement, Taiwan Semiconductor Manufacturing Co Ltd (TSMC) has revised its revenue forecast, attributing the increase to the soaring demand for AI chips.
Benefiting from the Global AI Boom
TSMC, a key supplier for tech giants like Apple Inc and Nvidia, has been able to capitalize on the AI market expansion despite the slowdown in electronics demand post-pandemic.
- New Revenue Projection: Estimated to grow slightly to above the mid-20% range in USD terms by 2024.
- Previous Forecast: Predicted growth in the low to mid-20% range.
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