TSMC, one of the world’s leading chip manufacturers, continues to make headlines with its soaring market value. The value of the Taiwan-based company surged by 7.9% in the past week, surpassing $575 billion. The main reason behind this steady increase in the company’s shares since last year is attributed to the development of artificial intelligence technologies and their increasing demand for specialized chips.
TSMC back in the spotlight with its market value
With the recent increases, the company currently ranks among the top 10 most valuable companies in the world. It is expected to further increase in value in the coming period. Another chip manufacturer specializing in chip production, Nvidia, also experienced a significant increase in market value, making it the 4th most valuable company in the world with $1.82 trillion.
One of the reasons for the growth among chip manufacturers is also the dynamism brought to the field of artificial intelligence technology by OpenAI’s ChatGPT chatbot. It has been revealed that robots using this technology will require higher quality and more chips, thus stimulating the chip sector. Additionally, there is a high demand for chips in the computer and smartphone sectors. However, chip manufacturers are struggling to meet this tremendous demand.
There have been new developments regarding the TSMC Japan factory. The firm announced that the factory will be completed by the end of 2027.
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