TSMC Expects AI Revenue to Skyrocket, but There's a Catch

The company is taking costly steps to boost 3nm capacity for AI chips.Taiwan Semiconductor Manufacturing (TSM -3.45%) lowered its full-year outlook for the semiconductor industry on Thursday amid persistent macroeconomic and geopolitical uncertainty. The foundry market leader now expects a "more mild and gradual" recovery this year.While overall demand will be somewhat mixed, TSMC expects to churn out far more AI accelerators this year than it did in 2023. The company sees revenue from AI accelerators more ...