# TSMC predicts the global chip market will surpass $1.5 trillion by 2030.

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

## Key points

- TSMC now projects the global semiconductor market will exceed $1.5 trillion by 2030.
- AI and high-performance computing are projected to comprise 55% of the semiconductor market by 2030.
- TSMC expects a 70% CAGR for its 2nm and A16 chip capacity between 2026 and 2028.
- TSMC forecasts CoWoS packaging capacity will grow over 80% CAGR from 2022 to 2027.
- Tool move-in for TSMC's second Arizona fab is scheduled for the second half of 2026.

**Companies:** TSMC
**Countries:** United States, Japan, Germany

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/tech/technology/tsmc-says-global-chip-market-to-hit-1-5-trillion-by-2030-as-ai-drives-growth/articleshow/131082729.cms)

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