At this year’s first quarterly earnings conference, TSMC CEO C.C. Wei expressed confidence in the company’s ability to increase revenue by about 25% for the current year. Moreover, he believes that in the period until 2028, the AI industry will continue to grow in monetary terms at a faster pace, 40% per year, if we talk about the core revenue of TSMC itself.
In other words, as TechNews explains, the company’s CEO expects TSMC’s AI accelerator component revenue to grow at a CAGR of 40% between 2024 and 2028. The company’s revenue as a whole over the same interval will grow annually by 20% on average. By the way, this year the entire semiconductor industry in monetary terms, according to TSMC management, will grow by 10%. The company’s own revenue will increase by 25%, thereby surpassing the industry average.
Last year, TSMC pulled away even further from the rest of the contract chip manufacturing services market as it grew revenue 6% while this company grew 30%. Directly in the AI segment last year, TSMC received about 15% of all revenue, and in absolute terms, core revenue tripled over the year. This year it will double, as TSMC expects.