As AI Demand Explodes, the Global Race for Computing Power Reshapes Silicon Valley

Tech giants and researchers are locked in an intense competition for artificial intelligence chips and compute resources, with supply constraints upending Silicon Valley's competitive landscape. The bottleneck is not silicon itself, but rather the manufacturing capacity to produce advanced semiconductors at scale. Taiwan Semiconductor Manufacturing Company (TSMC) controls roughly 90% of advanced chip production globally, with its 3-nanometer node operating near or above capacity. According to TSMC's CEO C.C. Wei, the manufacturing constraint remains "not enough, not enough, still not enough."