TAIPEI, Jan 18 (Reuters): Taiwanese chipmaker TSMC projected on Thursday more than 20 per cent growth in 2024 revenue on booming demand for high-end chips used in artificial intelligence (AI) applications even as the broader industry deals with weak smartphone and electric vehicle sales.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), opens new tab, , the world's largest contract chipmaker and a major Apple Inc, opens new tab and Nvidia, opens new tab supplier, said at an earnings conference that AI represented a major opportunity
"We are a key enabler for AI applications. So far today, everything you saw for AI comes from TSMC," CEO Wei said at the conference, after the company reported a fourth quarter net profit that beat market expectations.
For advanced packaging, demand was very strong and TSMC can't offer enough capacity to support customers.
TSMC bullish on AI demand, forecasts 20pc revenue growth
FE Team | Published: January 18, 2024 23:18:48
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