Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest chipmaker and a key supplier to Nvidia has forecasted a substantial increase in sales for the second quarter of 2024. The company expects sales to variate between $19.6 billion and $20.4 billion, noting a growth of 30% during the corresponding period of the previous year.
This trend is caused by the growing thirst for semiconductors, in particular for the ones created for the purpose of AI applications. TSMC’s position as a leading manufacturer of Nvidia’s sophisticated chips puts it in the forefront of the AI technology tide that continues to propel its financial growth and strategic expansions.
TSMC Expanding to AI Chips
In the latest earnings call at TSMC, CEO C.C. Wei emphasized the firm’s crucial position in the provision of energy-efficient computing power demanded by the AI advancements. Even though there is a noted drop in demand for smartphone components, the main focus is on advanced TSMC’s 3-nanomete
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