TECH - What's Going On With Nvidia Supplier Taiwan Semi Stock On Thursday? | Benzinga
On Thursday, Taiwanese contract chipmaker Taiwan Semiconductor Manufacturing Co (NYSE:TSM) projected a 10% annual revenue growth in the global semiconductor industry, excluding memory chips.
"This is a new golden age of opportunity with artificial intelligence applications (AI)," Reuters quoted SVP Cliff Hou as saying at an event in Hsinchu.
In April, the key supplier of Nvidia Corp (NASDAQ:NVDA) and Apple Inc (NASDAQ:AAPL) slashed its outlook for the global semiconductor industry, excluding memory, to a growth rate of ~10% from a previous forecast of over 10%.