Taiwan Semiconductor CEO C.C. Wei Says We Forecast The Revenue Contribution From Several AI Processors To More Than Double This Year And Account For Low-Teens Percent Of Our Total Revenue In 2024. For The Next 5 Years, We Forecast It To Grow At 50% CAGR And Increase To Higher Than 20% Of Our Revenue By 2028
Portfolio Pulse from Benzinga Newsdesk
Taiwan Semiconductor's CEO, C.C. Wei, announced in a conference call that the company expects revenue from AI processors to more than double this year and to account for a low-teens percentage of total revenue in 2024. Over the next five years, this segment is forecasted to grow at a 50% CAGR, increasing to over 20% of the company's revenue by 2028.
April 18, 2024 | 3:24 pm
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Taiwan Semiconductor Manufacturing Company (TSM) expects significant revenue growth from AI processors, forecasting a more than double increase this year and a growth to over 20% of total revenue by 2028.
The CEO's announcement directly impacts TSM by highlighting a significant and specific growth area within the company's portfolio. The expected doubling of revenue from AI processors this year and the forecasted growth rate of 50% CAGR over the next five years indicate a strong positive trajectory for TSM's financial performance and market position in the AI sector. This growth projection is likely to positively influence investor sentiment and could lead to an increase in stock price in the short term.
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