Taipei, July 18 -- Taiwan Semiconductor Manufacturing Co. (TSMC) has increased its U.S. dollar-based sales growth forecast to 30 per cent, up from the previous estimate of 24-26 per cent, driven by robust demand for its cutting-edge process technologies, Focus Taiwan reported.

At a recent investor conference, TSMC Chairman CC Wei highlighted the growing need for advanced chips fueled by artificial intelligence (AI) applications, which require greater computing power.

Wei noted that TSMC is benefiting from rising demand for emerging technologies, particularly high-performance computing (HPC) devices.

He forecast strong shipment growth for TSMC's advanced 3-nanometer (3nm) and 5-nanometer (5nm) process technologies, underpinning the comp...