TSMC's New Chairman Affirms Hopes of AI-Fueled 2024 Recovery

Full Article
TSMC's New Chairman Affirms Hopes of AI-Fueled 2024 Recovery

Taiwan Semiconductor Manufacturing Co.'s C.C. Wei, the newly appointed chairman and CEO, has reiterated expectations for AI development to lead a recovery in the industry in 2024. Wei's projections include a 10% growth in the chip market this year, excluding the memory sector, signaling optimism for the company's future.

Despite a slightly scaled-back outlook compared to previous forecasts in April, TSMC remains confident in the potential of AI and chipmaking to drive growth. The company's strategic focus on technological advancements positions it at the forefront of the global AI and chipmaking boom, highlighting its pivotal role in shaping the industry's trajectory.

Get Email Alerts for AI News

By creating an email alert, you agree to AIleap's Terms of Service and Privacy Policy. You can pause or unsubscribe from email alerts at any time.

Latest Articles

Alphabet's AI drug discovery platform Isomorphic Labs raises $600M from Thrive
TechCrunch 4month

Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600

AI In Education - Up-level Your Teaching With AI By Cloning Yourself
Forbes 4month

How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.

Trump's Third Term - How AI Can Help To Overthrow The US Government
Forbes 4month

Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.

Sam Altman Says OpenAI Will Release an 'Open Weight' AI Model This Summer
Wired 4month

Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.

Popular Topics