TSMC predicts that the global semiconductor market will reach $1.5 trillion (roughly Rs. 1,43,89,471 crore) by 2030, according to a Reuters report citing a presentation prepared by the Taiwan-based chipmaker for a tech symposium. Further, the chipmaker reportedly forecasts that AI and high-performance computing will account for a majority of this market share, nearing 55 percent. Meanwhile, smartphones are expected to account for a far smaller 20 percent share of the global semiconductor market’s size in 2030, the report added.