l{"id":1345303,"date":"2024-11-09T05:09:00","date_gmt":"2024-11-09T05:09:00","guid":{"rendered":"https:\/\/www.businesstelegraph.co.uk\/taiwans-chip-output-soars-in-2024-on-ai-says-tsmc\/"},"modified":"2024-11-09T05:09:00","modified_gmt":"2024-11-09T05:09:00","slug":"taiwans-chip-output-soars-in-2024-on-ai-says-tsmc","status":"publish","type":"post","link":"https:\/\/www.businesstelegraph.co.uk\/taiwans-chip-output-soars-in-2024-on-ai-says-tsmc\/","title":{"rendered":"Taiwan&#039;s chip output soars in 2024 on AI, says TSMC"},"content":{"rendered":"<p> <script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<!-- newscabal uk text -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:inline-block;width:728px;height:90px\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"3688094655\"><\/ins>\r\n<script>\r\n(adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><img decoding=\"async\" src=\"https:\/\/www.businesstelegraph.co.uk\/wp-content\/uploads\/2024\/11\/Taiwan039s-chip-output-soars-in-2024-on-AI-says-TSMC.cms.jpeg\" \/><\/p>\n<div data-brcount=\"18\">The value of <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Small Biz#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/taiwan\" target=\"_blank\" rel=\"noopener\">Taiwan<\/a>&#8216;s semiconductor output was expected to grow 22 percent to more than $164 billion this year, a top executive from chipmaking giant <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Small Biz#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/tsmc\" target=\"_blank\" rel=\"noopener\">TSMC<\/a> said Thursday, driven by <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Small Biz#href\" href=\"https:\/\/economictimes.indiatimes.com\/topic\/ai-technology\" target=\"_blank\" rel=\"noopener\">AI technology<\/a> and stronger economic growth.<br \/>Taiwan is a global power in semiconductors, which have become indispensable in an array of industries, from electronics to wind turbines, and even missiles.<br \/><!--\/article_liveblog.cms?msid=105115637&pos=toppotime:1--><br \/>TSMC, or Taiwan Semiconductor Manufacturing Company, controls more than half of the world&#8217;s output of chips and counts Apple and Nvidia among its clients.Speaking at an industry event in Taiwan, TSMC senior vice president Cliff Hou said the island&#8217;s semiconductor output was expected to reach NT$5.3 trillion ($164.2 billion) in 2024, up 22 percent on last year.<\/p>\n<p>The increase was &#8220;driven by advancements in AI and gradual economic recovery&#8221;, said Hou, who is also the chairman of the Taiwan Semiconductor Industry Association.<\/p>\n<p><!--\/include_growfast.cms?pagename=article&skipcss=1potime:2-->&#8220;We should accelerate research and development to ensure our standing as an indispensable member of the global semiconductor supply chain,&#8221; Hou said, according to Bloomberg news agency. <\/p>\n<p>Hou&#8217;s remarks, covered by local media, came after Donald Trump&#8217;s victory in the US presidential election. Trump has accused Taiwan of stealing the US chip industry, raising fears the sector could be hit with tariffs.<\/p>\n<p>TSMC is at the forefront of a generative AI revolution, churning out the world&#8217;s most advanced microchips needed to power products made by Silicon Valley.<\/p>\n<p>Surging demand for AI was having a knock-on effect across the entire semiconductor supply chain in Taiwan, Wayne Lin, executive vice president at Witology Markettrend Research Institute, told AFP.<\/p>\n<p>&#8220;This expansion contributes to Taiwan&#8217;s projected output, along with the traditional peak season for mobile communications toward the year-end,&#8221; Lin said.<br \/><!--\/article_liveblog.cms?msid=105115637&pos=botpotime:2--><\/p>\n<div><strong>Nominations for ET MSME Awards are now open. The last day to apply is November 30, 2024. <a href=\"https:\/\/timeslearn.indiatimes.com\/et_msmeawards?ag=textinsertonetsections\" target=\"_blank\" rel=\"noopener\">Click here to submit<\/a> your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.<\/strong><\/div>\n<\/div>\n<p><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-8162386273903324\"\r\n     data-ad-slot=\"7859258044\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><a href=\"https:\/\/economictimes.indiatimes.com\/small-biz\/trade\/exports\/insights\/taiwans-chip-output-soars-in-2024-on-ai-says-tsmc\/articleshow\/115104822.cms\">READ SOURCE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The value of Taiwan&#8216;s semiconductor output was expected to grow 22 percent to more than $164 billion this year, a top executive from chipmaking giant TSMC said Thursday, driven by AI technology and stronger economic growth.Taiwan is a global power in semiconductors, which have become indispensable in an array of industries, from electronics to wind [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1345304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_oct_exclude_from_cache":false,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-1345303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-retail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - 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