Morgan Stanley Forecasts $753 Billion AI Semiconductor Market by 2030

Morgan Stanley projects the AI semiconductor market will reach $753 billion by 2030, representing half of the global semiconductor market with a 30% compound annual growth rate. The report identifies 23 Taiwanese companies, including TSMC (台積電) and MediaTek (聯發科), as key beneficiaries. While cloud service provider capital expenditure growth is expected to slow, demand for AI chips and HBM remains robust, though supply shortages persist.