February 1, 2024 /SemiMedia/ -- According to reports, the market size of Asian IC design is expected to increase significantly, from US$641 million in 2023 to US$1.349 billion this year.

The report pointed out that as the demand for cloud artificial intelligence applications continued to expand, in 1923, U.S. ultra-large-scale computing companies led by Google and Amazon consumed approximately 100,000 wafers, mainly TSMC's 7-nanometer and 5-nanometer products, accounting for 4% of TSMC's corresponding product shipments.

The report analyzed that amid the continued shortage of high-end GPU supply, wafer demand is expected to increase by 100% annually to 200,000 wafers in 2024, accounting for 10% of TSMC's annual shipments of 7nm and 5nm.