TSMC Forecasts Over 20% Revenue Growth in 2024 Amid Rising Demand for High-End AI Chips
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker, anticipates a robust growth trajectory in 2024, projecting more than a 20% increase in revenue. The optimistic outlook is attributed to the surging demand for high-end chips in artificial intelligence (AI) applications despite challenges in the broader industry, including subdued sales in smartphones and electric vehicles. TSMC, a key supplier for major tech giants like Apple Inc. and Nvidia, expressed its pivotal role in enabling AI applications during an...