PYMNTS.com July 18, 2024
The artificial intelligence boom is reshaping the tech landscape, with industry leaders like TSMC, Microsoft, and Anthropic racing to meet soaring demand and capitalize on new opportunities. As TSMC doubles down on chip production for AI, Microsoft courts private equity with AI tools, and Anthropic launches a $100 million fund for AI startups, the sector’s rapid growth shows no signs of slowing.
TSMC Sees Surging Demand, Plans Capacity Expansion
Taiwan Semiconductor Manufacturing Co., the world’s largest contract chipmaker, is racing to expand capacity as artificial intelligence fuels insatiable demand for its most advanced chips and packaging technologies.
In its Q2 earnings call, TSMC executives said AI-related demand is exceeding its ability to supply despite aggressive expansion plans. The company now...
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