Nvidia’s Ascent: TSMC Chairman Forecasts Nvidia’s Rise to Chip Leadership

Thanks to the unprecedented demand for Artificial Intelligence (AI) and High-Performance Computing (HPC), Nvidia’s data center business has once again emerged as a standout, with continually increasing shipments of its compute cards. Concurrently, Nvidia’s stock has become a darling of Wall Street, witnessing several consecutive months of ascent this year.

As reported by Wccftech, Nvidia’s GPU supply is inseparable from its main foundry, Taiwan Semiconductor Manufacturing Company (TSMC). Recently, TSMC’s Chairman,  Dr. Mark Liu, expressed confidence that Nvidia will become the world’s largest chip company by the end of this year. He believes that Nvidia is positioned at the pinnacle of the global semiconductor supply chain. Additionally, Mark Liu elaborated on TSMC’s stature in the field of artificial intelligence and the technological methodologies employed. By integrating AI, TSMC has streamlined its operations and bolstered its technological research and development, enhancing overall efficiency.

Just a few days ago, Nvidia disclosed its financial report for the third quarter of the fiscal year 2024, which showed that its revenue had set a new record. The income amounted to $18.12 billion, marking a 206% increase year-over-year and a 34% rise sequentially. Moreover, the company continues its rapid growth trajectory, with the fourth quarter’s revenue projected to reach $20 billion. In contrast, AMD and Intel reported quarterly revenues of $5.8 billion and $14.16 billion, respectively, meaning that their combined revenues are comparable to Nvidia’s alone. Furthermore, Nvidia currently has a market value of $1.19 trillion, while AMD and Intel are valued at $198 billion and $185 billion, respectively.