TSMC, the world’s largest contract chipmaker, fell as much as 5.5%, while Samsung Electronics, the world’s largest memory chipmaker, closed down 3.5%.
The losses came after AI Dear Nvidia It sold off sharply overnight as investors curbed their optimism about the AI sector as well as U.S. economic growth.
Talking to him Semicon Taiwan At an industry forum in Taipei, YJ Mii, executive vice president and co-chief operating officer of TSMC, said AI remains an important driver of growth even if it causes many jobs globally to change or disappear.
“I think overall we believe that AI is a huge opportunity for all of us in this industry,” he said.
“We think there are good growth opportunities. From an AI accelerator perspective, we can probably achieve a compound growth rate of at least 50% over the next few years. As for the long term, we can wait and see how it goes.”
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Sitting next to him on stage, Lee Jung-Bae, president of Samsung Electronics’ memory chip division, said things in the AI field were just getting started and it was natural that there would be bumps along the way. “As far as AI is concerned, I really think we are at the beginning and there may be some ups and downs and some dips, but in the long run everything will be quite stable,” he said.
“I think that to the extent that AI helps humans, it will be a new revolution that will change our daily lives,” he added. “I am cautiously optimistic about AI.”
In July, Samsung reported its biggest operating profit since the third quarter of 2022, boosted by the chip division’s return to its former form as the tech giant’s cash cow after a slump caused by weak post-pandemic demand for chip-based devices.
The same month, TSMC raised its full-year revenue forecast amid rising demand for AI chips.
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