Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) laid out a bigger view of how large the worldwide chip business could become by the end of the decade, pointing to artificial intelligence (AI) as the main engine behind the growth.
According to presentation materials released ahead of the company’s technology symposium in Hsinchu on Thursday, as reported by Reuters, Taiwan Semiconductor projects the global semiconductor market is expected to surpass $1.5 trillion by 2030, up from the previous forecast of $1 trillion.
AI Fuels Growth
Most of the growth would come from booming demand for artificial intelligence and high-performance computing, which is expected to account for 55% of the total semiconductor market. This will be followed by 20% from smartphones and 10% from the automotive applications.
The company also projects AI accelerator wafer demand will rise 11 times between 2022 and 2026.
Capacity Expansion Plans
The world’s largest contract chipmaker outlined buildout plans to meet AI-driven needs in both manufacturing and packaging. The company said it accelerated capacity additions in 2025 and 2026 and intends to start nine new stages of …
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