Global chip industry projects significant growth driven by AI adoption, with TSMC and AMD experiencing surges in share prices. TSMC predicts a 10% global semiconductor industry revenue increase and a more than 20% growth for itself, attributing the positive outlook to the increasing use of AI. Meanwhile, Nvidia and AMD hit record highs as investors invest in AI chip suppliers, reflecting strong demand for AI chips. The rise in semiconductor stocks is attributed to TSMC's positive outlook for 2024 based on AI demand, with concerns raised about sustainability and Intel's turnaround.

Global Chip Industry Surges on AI Demand