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00:03Taiwan Semiconductor said artificial intelligence could drive the global semiconductor industry
00:07to a $1.5 trillion market by 2030, according to Benzinga.
00:13Deputy Co-CEO Kevin Zhang said at the company's 2026 Taiwan Technology Symposium
00:20that AI development is advancing faster than expected and reshaping the technology industry.
00:25Zhang said smartphones fueled semiconductor growth over the past decade,
00:30but AI will lead the next phase of expansion.
00:34He said AI and high-performance computing could account for 55% of the semiconductor market by 2030,
00:40while smartphones may represent 20%.
00:44Taiwan Semiconductor shares rose 1.36% to $405.24 in pre-market trading on Thursday
00:51and approached the stock's $420 52-week high, according to Benzinga ProData.
00:57Analysts maintain buy and overweight ratings,
00:59with price targets ranging from $450 to $480.
01:03For all things money, visit Benzinga.com.
01:06Analysts maintain buy and overweight ratings,
01:06barbecue ability for their
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