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Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and global chip designers and suppliers are accelerating the development of next-generation silicon photonic solutions over the next three to five years to address the massive energy and faster data transmission speeds needed by AI computing.
Building an ecosystem for the technology mandated participation from design software suppliers Synopsys, Inc (NASDAQ:SNPS) and Cadence Design Systems Inc (NASDAQ:CDNS) and chip developers Nvidia Corp (NASDAQ:NVDA) and Advanced Micro Devices Inc (NASDAQ:AMD), AI server makers Foxconn and Quanta Computer, K.C. Hsu, vice president of integrated interconnect and packaging at Taiwan Semiconductor told Nikkei Asia at a technology forum. Taiwan Semiconductor stock is trading lower on Tuesday premarket.
Hsu told Nikkei Asia that the silicon photonics market will grow at an annual compound rate of 40%, between 2023-28 to $500 million thanks to the demand for high data rate modules for increased fiber-optic network capacity, especially pluggable and co-packaged optics (CPO).
Rachid Taibi, general manager of the business unit at chip materials provider Soitec, told Nikkei that big tech giants, including Meta Platforms Inc (NASDAQ:META) and Microsoft Corp (NASDAQ:MSFT), are among those backing CPO technology development.
Taiwan’s Economy Minister, Kuo Jyh-huei, recently countered former President Donald Trump’s claims that Taiwan had taken away American semiconductor jobs. He flagged Taiwan Semiconductor’s significant investments in U.S. facilities, including $65 billion for new plants in Arizona.
Taiwan Semiconductor stock gained 82% in the last 12 months. Investors can gain exposure to the stock through iShares Semiconductor ETF (NASDAQ:SOXX) and First Trust NASDAQ Technology Dividend Index Fund (NASDAQ:TDIV).
Price Action: TSM stock is down 1.77% at $168.66 premarket at the last check Tuesday.
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