{"id":263583,"date":"2024-06-18T14:48:19","date_gmt":"2024-06-18T14:48:19","guid":{"rendered":"https:\/\/www.techopedia.com\/?post_type=news&p=263583"},"modified":"2024-06-18T14:48:19","modified_gmt":"2024-06-18T14:48:19","slug":"these-two-semiconductor-companies-might-join-nvidias-trillion-dollar-club","status":"publish","type":"news","link":"https:\/\/www.techopedia.com\/news\/these-two-semiconductor-companies-might-join-nvidias-trillion-dollar-club","title":{"rendered":"These Two Semiconductor Companies Might Join Nvidia\u2019s Trillion Dollar Club"},"content":{"rendered":"
Taiwan Semiconductor Manufacturing (TSMC<\/a>) and Broadcom (AVGO<\/a>) are poised to join Nvidia<\/a> in the Trillion Dollar Club. Discover how advancements in AI and technology are driving the market forward.<\/p>\n The global semiconductor industry continues to offer more avenues of growth as evidenced by<\/a> the 15.8% year-on-year (YoY) growth in April 2024. The growing integration of artificial intelligence<\/a> and technology in our daily lives has increased the usage of microchips. This provides two companies the chance to become the next ones to join the Trillion Dollar Club as of Nvidias.<\/p>\n Nvidia has around 80% of global AI chip market share. Still, the growing use of graphics processing units (GPUs) and AI chips provides further opportunity for two other companies to join the chip-making giant in the same rank.<\/p>\n One of these companies is Taiwan Semiconductor Manufacturing (TSMC), the largest chip-making facility in the world. Major companies like Nvidia outsource the manufacturing process to TSMC, which offers technology that can produce more powerful, faster, and energy-efficient chips.<\/p>\nTSMC: Taiwanese Giant with Great Perspectives<\/span><\/h2>\n