Taiwan Semiconductor Manufacturing Co., Ltd. TSM Chairman and CEO CC Wei expects next-generation robots and drones equipped with artificial intelligence to serve as important catalysts for growth and innovation in the technology sector.
According to Nikkei Asia, Wei made the comments at a technology conference in Taiwan on Monday. He also warned of the need to integrate hardware and software to power the next generation of AI devices.
The Taiwanese contract chip maker’s first Japanese factory is on track for commercialization by the end of 2024.
Also read: Apple’s AirPods production moves to India – Foxconn to start manufacturing in 2025
Taiwan Semiconductor’s stock has risen 98% since the beginning of the year, making it the chief semiconductor maker in Big Tech, which also includes Nvidia. NVDA and Apple Inc. AAPL.
Taiwan Semiconductor is producing Proxima, a chipset that will power Apple’s first internally connected products in 2025. Apple plans to move to its own chips for Bluetooth and Wi-Fi connectivity starting in 2025.
Nvidia is considering producing front-end processes for Blackwell AI chips at Taiwan Semiconductor’s Arizona factory. Countries including the United States and Europe are consolidating their semiconductor infrastructure to reduce dependence on China, whose semiconductor supply chain was hit by the outbreak of the pandemic in 2020, causing a crisis in the supply of semiconductor chips for electronics and automobiles. There is.
International Data Corp (IDC) expects Taiwan Semiconductor to record revenue growth of up to 25% in 2025 due to advances in artificial intelligence (AI) applications and cryptocurrency mining technology.
IDC predicts that the global semiconductor industry will expand by 15% and the international foundry market will grow by 20% in 2025. The forecast also suggests that Taiwan Semiconductor will capture a 67% share of the global foundry market in 2025, an increase of 300 basis points. From the previous year.
Investors can gain exposure to semiconductor manufacturing companies through the VanEck Semiconductor ETF SMH and iShares Semiconductor ETF socks.
Price Action: TSM stock closed 4.98% higher at $200.99 on Friday.
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