TSMC maintained its dominance in the semiconductor industry, while NVIDIA experienced remarkable growth of 102% in 2023, as per a report from a market research firm. The surge in demand for AI has significantly contributed to revenue streams in the semiconductor sector, leading to substantial growth for companies like TSMC. TechInsights’ McClean report reveals that TSMC’s dominance is the market heat winner, totaling Samsung Foundry and Intel in terms of market continuity generated for this fiscal year of 2023.
More About TSMC, NVIDIA, Intel, and other Semiconductor Makers
This observation can resonate with the past hottest trends of gamers watched in 2020. Many individuals and retail markets bought figures of TSMC for income generation. TSMC’s impact in the semiconductor market provided broad janitors to its market control because other AI racers, sponsored by NVIDIA and AMD, are critically dependent on TSMC for the cost of entry to produce, using the company’s modern chip processes and packaging facilities. In the years of greed, TSMC paid a marquee ticket back to its second-quarter sales, now expected at nearly $70 billion, a little below the previous year, but encompassing the dominating stance.
In terms of financial performance, TSMC outperformed Samsung Foundry, securing the top position. Intel followed closely behind, while Samsung slipped to third place, experiencing a significant 34% year-on-year decline in revenue due to the downturn in the memory markets. Notably, NVIDIA reported an unexpected result – a 105% yearly revenue boost, totaling $49.6 billion only from the markets for semiconductors. The company made several hundred billion dollars from AI-based computing; it is challenging, even more, counting.
Judging by the upcoming 2024 results, the market momentum is undoubtedly positive. Companies like NVIDIA are preparing to show their next-generation AI products, including the Blackwell series. These innovations will once again generate tremendous demand, confirming the long-standing importance of AI. Given these revenue forecasts, TSMC will soon set new financial records. Its capitalization will soon reach the trillion-dollar level.
