TSMC says global tech recovery 'not fast enough' despite AI boom

World's biggest chipmaker warns of potential global oversupply of less-advanced chips

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Taiwan chip titan TSMC is benefiting from demand for chips to power generative AI. © Reuters

CHENG TING-FANG and LAULY LI, Nikkei Asia tech correspondents

TAIPEI -- Taiwan Semiconductor Manufacturing Co. on Thursday said the recovery in the smartphone and PC markets was milder than expected, limiting the pace of global semiconductor growth for 2024 despite demand for generative AI computing remaining strong.

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