Graphics processing units (GPUs) are the core hardware that is used to train advanced artificial intelligence (AI) models, but they're not the only semiconductors that are useful when it comes to AI. Application specific integrated circuits (ASICs) are chips that are custom designed to excel at specific tasks. ASICs aren't as versatile or generally powerful as GPUs, but they can actually be significantly more powerful and efficient when it comes to handling the tasks they were designed for. Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing (NYSE: TSM) are two leading players in the custom silicon space that have delivered huge wins for investors thanks in part to their wins with ASICs. Image source: Getty Images.
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