TSMC sees annual sales growth to reach 10% in semiconductor industry

HSINCHU, Taiwan :Taiwanese contract chipmaker TSMC, a well-known dealer to Apple and Nvidia, on Thursday forecast an annual revenue hiss of 10 per cent in the global semiconductor industry, besides memory chips.

“Here’s a brand unusual golden age of opportunity with AI,” acknowledged senior vice-president Cliff Hou, who modified into as soon as talking at an tournament in Hsinchu, where the firm is headquartered.

In April, TSMC reduced its outlook for the global semiconductor industry besides memory to a hiss price of around 10 per cent from a outdated forecast of larger than 10 per cent.

World Semiconductor Trade Statistics has forecast hiss of 13.1 per cent for the global semiconductor market in 2024.

TSMC has estimated 2nd-quarter gross sales might well maybe presumably additionally upward push as grand as 30 per cent as it rides a wave of demand for semiconductors ragged in man made intelligence capabilities (AI).

Nvidia forecast on Wednesday its quarterly revenue above estimates and announced a inventory split, lifting shares to a file-excessive territory and impressing investors who agree with tripled the chipmaker’s market value previously one year on AI optimism.

(Reporting By Faith Hung; Editing by Anne Marie Roantree, Kim Coghill and Sherry Jacob-Phillips)