Posted 3/16/2024, 11:10:00 AM
AMD Bets on AI Chips to Challenge Nvidia, Fueled by TSMC Manufacturing
- Demand for AI solutions will exceed $1.8 trillion by 2030 according to forecasts
- AMD is positioning itself as a major supplier of AI chips to compete with Nvidia
- AMD's new processors are designed to power AI in data centers and personal computers
- TSMC manufactures semiconductors for major companies and accounts for over 50% of the foundry market
- TSMC has grown sales and profits by 17% annually for 30 years and expects continued growth