Taiwan Semiconductor Manufacturing Company (TSMC) recently achieved a major milestone by becoming a trillion-dollar company. This places TSMC among the top technology giants globally and highlights the growing importance of the semiconductor industry.
Taiwan Semiconductor Manufacturing Company manufactures around 90% of the world’s most advanced processor chips and is the exclusive supplier of crucial advanced chips for Nvidia and Apple, among other companies.
TSMC briefly surpassed Tesla to become the seventh most valuable technology company worldwide. Its shares have surged, trading above $158.00 and reaching a high of $192.80 this year alone.
The semiconductor industry is leading the charge, driven by the increasing demand for AI chips.
Global semiconductor sales are expected to reach $611.2 billion by 2024, with a 16% increase projected for that year and 12.5% in 2025. Advances in AI requiring more powerful chips are a major driver.
What role do you think advancements in AI will play in shaping the future of semiconductor technology?
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