TSMC, Vale, and SQM Expand Production to Meet Surging Demand for AI, Renewables, and Electric Vehicles
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TSMC is positioned to capitalize on demand for advanced semiconductors used in AI and high-performance computing. It is investing in leading-edge 2nm and 3nm chip manufacturing.
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Vale is growing its copper production to supply the renewable energy and electrification markets. Key projects like Salobo III ramped up ahead of schedule.
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SQM reported record lithium sales in 2023 to match electric vehicle demand. It is aggressively expanding production capacity with projects brought online ahead of schedule.
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The demand for lithium-ion batteries to power electric vehicles is surging globally, which benefits SQM's lithium business.
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TSMC, Vale, and SQM are focused on expanding production capacity across multiple high-growth segments like AI, renewables, electrification, and electric vehicles.