TSMC hints at price increase for Nvidia as response to its booming AI hardware business

June 10, 2024

Via: TechSpot

TSMC’s new chairman, C.C. Wei, dropped a hint to reporters last week that the manufacturer might raise its prices for Nvidia in light of the company’s AI-related success.

“I did complain to Nvidia’s CEO Jensen Huang – the ‘three trillion guy’ – that his products are so expensive,” Wei said, as reported by Nikkei Asia. “I think those products are really valuable for sure, but I am thinking about showing [him] our value as well.”

That mention of 3 trillion is a reference to Nvidia’s market cap, which passed the $3 trillion valuation last week to become the second most valuable company ahead of Apple and behind Microsoft. It has since fallen back to third place with a cap of $2.973 trillion.

Read More on TechSpot