Taiwan Semiconductor supplier says AI chips will spur industry growth: report
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- The Chief Executive Officer of Scientech, a key supplier to Taiwan Semiconductor (NYSE:TSM), said demand for artificial intelligence chips should spur growth for the entire semiconductor industry amid fears about a slowdown in growth.
- “This booming of the AI industry has just begun,” Hsu Ming-Chi said in an interview with Bloomberg. “For the most prominent company, the equipment we sold to them probably increased two to three times in a year.”
- Hsu added that he expects the Taiwan-based Scientech to see sequential quarterly sales growth in the back half of the year.
- Scientech makes equipment for Taiwan Semiconductor’s chip-on-wafer-on-substrate packaging, which has been in short supply amid the AI boom, impacting the supply of companies such as Nvidia (NVDA) and AMD (AMD).
- The Semiconductor Industry Association reported earlier this week that July chip sales came in at $53.1B, an increase of nearly 3% from the month prior and a gain of almost 19% year over year.