TSMC Flooded With AI Chip Orders—Startups Now Hoarding GPUs Like Toilet Paper

Semiconductors have experienced a significant demand boost due to the ongoing global chip shortage, with Taiwan playing a crucial role in meeting this demand. The island nation is home to several major semiconductor manufacturers, including Taiwan Semiconductor Manufacturing Company (TSMC), which is the world's largest independent semiconductor foundry. As a result, Taiwan's semiconductor industry has seen a substantial increase in orders, with TSMC reporting a 21% year-over-year revenue growth in the second quarter of 2022. This demand boost is driven by the growing need for semiconductors in various industries, including 5G technology, artificial intelligence, and the Internet of Things. The global semiconductor market is projected to reach $522 billion by 2025, with Taiwan expected to play a key role in supplying the necessary chips. The country's semiconductor industry is well-positioned to capitalize on this trend, with its strong manufacturing capabilities and innovative technology.