As the stock prices of many companies that are in one way or another related to the field of artificial intelligence grow, some skepticism also grows among investors who believe that high investments in this area of ​​the economy will not be able to justify themselves in a short time. One TSMC supplier is confident that the semiconductor industry is now at the very beginning of a multi-year growth cycle.

Image Source: TSMC

In an interview with Bloomberg, Hsu Ming-chi, CEO of Scientech, which supplies major contract manufacturer TSMC with its products, called demand for components for artificial intelligence systems the main driving force in the development of the semiconductor industry over the next few years. According to him, over the previous 20 years, the market for semiconductor products has grown at literally 8% per year, but in the field of components for AI systems, the growth rate will be much higher in the future.

«This boom in the AI ​​industry has just begun,” explained Xu Ming Chi. The largest recipient of Scientech equipment, he added, has almost doubled or tripled its purchase volumes over the year. In the second half of the year, the company’s revenue should consistently increase, according to the manager. In the future, the stability of demand growth in the segment will be ensured by the emergence of new applications using artificial intelligence. Scientech supplies TSMC with equipment that the company uses to package chips using the CoWoS method. It is now in great demand due to the rush demand for Nvidia computing accelerators, in the production of which it is also used. According to TSMC itself, the Taiwanese company is involved in the production of 99% of computing accelerators for the AI ​​sector produced worldwide. In the case of Scientech, involvement in these processes has contributed to an 80% increase in share prices since the beginning of this year.

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