Taiwan Semiconductor Manufacturing Co (TSMC), the world's leading chip manufacturer, has reached a market value of one trillion dollars on monday, exceeding all expectations in the first half of the year. The 28% growth in this period is largely due to advancements in artificial intelligence (AI), which have boosted sales and the value of the semiconductor industry.
In the third month of the year, TSMC reported sales of 195.211 billion Taiwanese dollars (6.059 billion dollars), representing a 34.3% increase compared to March 2023. This increase is primarily attributed to the high demand for AI-capable chips, especially from key clients like Nvidia. The Taiwanese giant, one of the most valuable companies in Asia, has capitalized on this technological trend to significantly increase its revenues.
The company has not only seen its sales grow but also announced significant expansion plans. Recently, TSMC revealed an investment of 6.6 billion dollars in direct financing and another 5 billion dollars under the U.S. Chips and Science Act. This capital will be used to construct a third microchip production plant in the state of Arizona, designed to meet the growing demands of its clients.
This new plant in Arizona is part of a broader strategy by TSMC to increase its production capacity and consolidate its position in the global market. The Chips and Science Act, which provides incentives for semiconductor manufacturing in the United States, has been a key factor in this decision. With this expansion, TSMC aims to ensure a steady supply of advanced chips for its major clients and maintain its industry leadership.
TSMC's success also reflects a broader trend in the semiconductor sector, where artificial intelligence is playing an increasingly important role. AI-capable chips are essential for various applications, from data processing to the development of emerging technologies like machine learning and autonomous driving.
As the demand for AI-based technology continues to grow, TSMC is expected to remain a key player in the global semiconductor market. Its ability to innovate and adapt to new technological trends has enabled it not only to maintain its leadership but also to expand its reach and strengthen its financial position.
