Taiwan Semiconductor Manufacturing Co (TSMC) has increased its forecast for the global semiconductor market to $1.5 trillion by 2030, up 50% from its previous $1 trillion estimate. This surge is driven mainly by rising demand for artificial intelligence (AI) and high-performance computing, which are expected to make up 55% of the market. TSMC is rapidly expanding its production capacity, including multiple new fabrication plants in Arizona, Japan, and Germany, to meet this demand. The company plans significant growth in advanced chip technologies and packaging capabilities over the next several years.

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Global chip market forecast raised to $1.5T by 2030 as AI demand soars, says TSMC

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Global chip selloff pressures Nasdaq 100 futures near key 50-day moving average support.

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Global chip market forecast raised to $1.5T by 2030 as AI demand soars, says TSMC

More News (TSM)

Global chip selloff pressures Nasdaq 100 futures near key 50-day moving average support.

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