TSMC OIP: Chip Industry Growth Blows Past Forecast

TSMC presented company and semiconductor industry updates at its Open Innovation Partners North America Technology Symposium last week. In January 2024, TSMC’s Kevin Zhang presented the slide below (see figure 1) for the Semiconductor Industry Outlook at ISSCC. It projected what then seemed like a bold forecast for worldwide semiconductor revenue to reach ~$1T by 2030. Fig. 1: 2024 semiconductor industry outlook forecast. Source: TSMC At this year’s OIC, TSMC North America CEO Sajiv Dalal said t