Strong ASML, TSMC forecasts signal AI spending boom is intact
Source: CNA
Published on: 2026-04-16 10:56
April 16 : Strong forecasts from ASML and TSMC this week point to another quarter of hefty spending by American cloud-computing giants as they race to secure advanced chips needed for their artificial intelligence build-outs. The results suggest that demand stayed strong for AI chip designers such as Nvidia, Advanced Micro Devices and Broadcom, all of which rely on TSMC, the world's dominant producer of cutting-edge processors. Growing investor pressure on large technology companies such as Microsoft, Meta and Amazon to deliver clearer returns on AI investment has raised doubts about how long the chip spending boom can last. Still, these companies are expected to spend over $600 billion this year on data centers. "AI (demand) is so strong ... Our customers, and customers of customers - who are mainly the cloud service providers - continue to provide us with their very strong signal an...
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