Giant chip manufacturer TSMC is once again in the spotlight with its increasing market value. According to the latest report, the company has achieved a remarkable 9.4% revenue increase in the last 2 months. It was speculated that TSMC, which produces chips for iPhones, would also face a red alert following the decline in iPhone sales. However, those predictions turned out to be completely wrong.
As the company starts off strong in 2024, experts predict that this trend will continue for a longer period. While investors of the company are reportedly very pleased with these developments, it seems that we may soon witness another record-breaking performance from another chip manufacturer, following Nvidia. Here are all the details…
TSMC stands out with its market value
With a whopping market value of $773 billion, the company is expected to surpass the $1 trillion mark in the near future. One of the main reasons for this incredible growth experienced by chip manufacturers like TSMC and Nvidia is attributed to the dynamism brought to the field of artificial intelligence by OpenAI’s ChatGPT chatbot.
As it emerged that robots utilizing artificial intelligence would require significantly more chips than before, the chip sector experienced a significant surge. Additionally, it is known that companies producing computers and smartphones have a high demand for chips. Chip manufacturers, however, are increasingly struggling to meet this enormous demand.
What do you think about this topic? Do you think TSMC’s sales strategy is correct? Where is the artificial intelligence trend heading? You can easily share your answers with us in the comments section below. Your opinions are very valuable to us.
{{user}} {{datetime}}
{{text}}