Taiwan Semiconductor Manufacturing Company expects the global semiconductor market to exceed $1.5 trillion by 2030, raising its earlier forecast of $1 trillion, driven mainly by demand from AI and high-performance computing.
The company said AI and HPC will account for about 55% of total chip demand, with smartphones and automotive making up most of the rest. Seeking Alpha reports that it also highlighted rapid expansion plans, including major investments in advanced manufacturing capacity such as 2nm and next-generation chips, alongside aggressive growth in advanced packaging technologies used in AI systems.
TSMC is expanding globally, with new and planned fabs in the US (Arizona), Japan, and Germany. The company expects strong production growth in Arizona and rising output from its overseas facilities as it scales to meet accelerating AI-driven semiconductor demand.