TSMC predicts that the global chip market will reach $1.5 trillion by 2030 because of AI

The current AI boom is causing scarcity for some and massive profits for others. Reuters reports that in a presentation earlier today, TSMC predicted that the global semiconductor market will reach $1.5+ trillion by 2030 – for context, the previous forecast was for $1.0 trillion. And it’s clear that demand for AI silicon is driving the massive increase in sales – according to TSMC’s breakdown, 55% of that $1.5 trillion market will come from AI (and other high-performance computing), while smartphones account for only 20% and cars for only 10%. We won’t even have to wait until 2030 to...