118
In what was the first positive news for the global semiconductor industry this year, Taiwan Semiconductor Manufacturing Company (TSMC) announced on 19 January that its revenues are expected to increase by 26% for the year 2024. This signals that the rise of generative artificial intelligence (AI) has given a boost to the chip sector since 2023.
With that announcement, major Asian stock markets rose, with South Korea’s KOSPI, Australia’s ASX, Hong Kong’s Hang Seng, Taiwan’s TAIEX and Japan’s Nikkei 225 index gaining 1.1%, 0.8%,…