# TSMC has raised its long-term semiconductor industry forecast, projecting the global market to exceed $1.5 trillion by 2030.

*semiconductor · news · 2026-05-14 · The Economic Times*

## Key points

- TSMC has raised its 2030 global semiconductor market forecast from $1 trillion to $1.5 trillion.
- Artificial intelligence and high-performance computing will comprise 55% of the semiconductor market by 2030.
- TSMC projects 70% annual growth for its 2-nanometer and A16 chip production from 2026-2028.
- TSMC forecasts CoWoS packaging technology capacity to grow at over 80% CAGR from 2022 to 2027.
- TSMC's first Arizona fab is operational, with output expected to rise 1.8 times year-on-year by 2026.

**Companies:** Taiwan Semiconductor Manufacturing Company (TSMC)
**Countries:** United States, Japan, Germany, Taiwan

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/global-market-tsmc-sees-chip-market-crossing-1-5-trillion-by-2030-on-ai-boom/articleshow/131081806.cms)

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