Artificial intelligence boosts semiconductor industry sales in 2024, with ASML and TSMC playing key roles.

From Nasdaq: 2024-12-25 07:15:00

Artificial intelligence (AI) boosts semiconductor industry sales to $627 billion in 2024, a 19% increase, with ASML and TSMC playing key roles in chip production. ASML’s lithography tools and EUV technology drive chip innovation, while TSMC’s 3nm chips fuel AI growth, leading to a 32% sales increase in 2024. Despite ASML’s 7% share decline due to economic conditions, both ASML and TSMC are vital AI investments. TSMC’s lower P/E ratio and dominance in 3nm chip manufacturing make it a better value, positioning it to benefit from the AI industry’s projected $827 billion expansion by 2030.



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