The current hypergrowth in GPUs and other accelerator chips for AI in the cloud and the data center will eventually decelerate but not until it has transformed the industry, according to Omdia. The market will ultimately reach US$151 billion in 2029, having grown from just under US$10 billion in 2022 to US$78 billion this year.

Apple’s financial report for the third quarter of fiscal year 2024 revealed impressive results for the iPad and Mac series, with the iPad showing particularly strong performance. Supply chain sources indicate that both product lines are expected to maintain steady momentum in the second half of the year. Furthermore, the anticipated launch of a foldable iPad in 2025 is expected to generate significant consumer interest.

Apple’s iPhone sales slipped 1% year-over-year in the April-June quarter of 2024, primarily due to continued weak shipments in Greater China. The tech giant’s ability to reignite iPhone demand with AI features will significantly impact Taiwan’s supply chain partners.