TECH - Top Chipmakers Forecast Revenue Growth as AI and Consumer Product Demand Rebounds: Report | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) supplier Applied Materials Inc (NASDAQ:AMAT) will likely gain revenue this quarter, as shown by company and market forecasts, indicating a reversal in the global market downturn.
Eight out of nine leading device makers are on track to exceed last year’s quarterly revenue, contrasting the previous quarter, where six out of nine saw sales decrease, the Nikkei Asia reports.
This shift results from increased AI demand and China’s efforts to build a self-sufficient chip industry. Demand related to smartphones and other consumer products will likely rebound.