Key Nvidia Corp (NASDAQ:NVDA) supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) is witnessing a surge in orders from significant clients, Apple Inc (NASDAQ:AAPL), Intel Corp (NASDAQ:INTC), and Advanced Micro Devices, Inc (NASDAQ:AMD) for its cutting-edge 3nm chips.
Apple was initially the sole customer for these chips, as TSMC gradually increased its production capacity through late 2022 and into the fourth quarter of 2023.
Now, the contribution of 3nm chips to TSMC’s revenue will likely exceed 20% this year, Technode reports.
Also Read: Semiconductor Chip Inflation Risk – Taiwan Semi to Face Up to 25% Electricity Tariff Hike in Taiwan
TSMC has captured over 90% of the global AI chip foundry orders. The high demand for AI chips and the utilization of advanced processes will likely significantly enhance TSMC’s performance, potentially increasing its revenue by 24% to 26% year-on-year in 2024.
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