AI NewsTSMC Forecasts AI Adoption Could Help Global Semiconductor Market Reach $1.5 Trillion Milestone by 2030

TSMC Forecasts AI Adoption Could Help Global Semiconductor Market Reach $1.5 Trillion Milestone by 2030

2:45 PM IST · May 15, 2026

AI is now an important part of many people's lives, with AI agents capable of drafting emails, planning trips, editing images, generating videos, researching topics, and vibe coding apps. While AI is seemingly making users' lives easier, reports suggest that it has also created a shortage of memory and storage components for laptops and smartphones, forcing OEMs to raise prices of devices. AI's global market size has also seen exponential growth, with companies investing heavily in building data centres.