The Chief Executive Officer of a major supplier to Taiwan Semiconductor Manufacturing Co. (TSMC) has highlighted the potential for growth in the semiconductor industry driven by the demand for AI chips.
Hsu Ming-Chi of Scientech Corp. dismissed concerns that investors may have misjudged the pace and scale of investment in artificial intelligence, projecting a significantly higher growth rate for AI semiconductors compared to the overall chip market.
Hsu believes that the AI industry is just beginning to boom, with expectations of substantial growth for AI semiconductor sales to major companies.
While Nvidia Corp. recently reported earnings below investors’ expectations, signaling some skepticism around AI’s transformative potential, Hsu remains optimistic about the future of AI applications and anticipates sequential sales growth for his company in the latter half of 2024.
Scientech, based in Taipei, specializes in equipment used for TSMC’s advanced packaging technology essential for producing AI chips for companies like Nvidia.
With TSMC dominating the AI accelerator market, Hsu’s confidence in the industry’s growth is reflected in Scientech’s stock performance, which has surged nearly 80% since the start of 2024.
