TSMC July Sales Jump 45%, Buoyed by Strong AI Chip Demand
TSMTSMC(TSM) Investopedia·2024-08-09 21:32

KEY TAKEAWAYSTaiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said July revenue surged 45% year-over-year.Sales for the month reached 256.95 billion New Taiwanese dollars ($7.93 billion), while revenue between January and July soared 30.5%.The buoyant sales at TSMC, which supplies chips to Nvidia and Apple, shows demand for AI chips remains strong. Taiwan Semiconductor Manufacturing Co. (TSM), the world's largest contract chipmaker, said July revenue surged 45% year-over-year, ...