This chart shows you very clear how early we still are in th...

This chart shows you very clear how early we still are in the AI chip demand story for a company like $Taiwan Semiconductor (TSM.US)$ .

1. HPC compute just recently upticked and should continue to grow fast with both training and especially inference LLM demand.

2. Smartphone demand still low, but a new upgrade cycle is expected as some SLMs will run on the edge.

3. If we see the rise of AVs in the next years $TSM's Automotive segment should benefit greatly here.