TSMC
TSMC rides AI demand to raise revenue forecast, says no to US joint venture
TAIPEI, July 18 (Reuters) - Taiwan's TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, raised its full-year revenue forecast on Thursday given surging demand for chips used in artificial intelligence, and rejected the idea of a joint venture factory in the United States.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , a major Apple Inc (AAPL.O), opens new tab and Nvidia (NVDA.O), opens new tab supplier, has benefited from the global AI boom that has helped it weather the tapering off of pandemic-led electronics demand.
Meta and Google announce new in-house AI chips, creating a “trillion-dollar question” for Nvidia
Meta just announced it’s pushing further into the AI chip race, coming right on the heels of Google’s own announcement of its Axion AI chip. Both companies are touting their new semiconductor models as key for the development of their AI platforms, and as alternatives to the Nvidia chips they—and the rest of the tech industry—have been relying on to power AI data centers. Hardware is emerging as a key AI growth area. For big tech companies with the money and talent to do so, developing in-house chips helps reduce...