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TSMC Sales Surge 36% in Fresh Sign of AI Spending Momentum

TSMC Sales Surge 36% in Fresh Sign of AI Spending Momentum
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Asia TSMC Sales Surge 36% in Fresh Sign of AI Spending Momentum Taiwan Semiconductor Manufacturing Co. reported quarterly sales rose 36%, meeting high expectations and signaling global demand for AI hardware remains intact. Revenue for the three months ended June totaled NT$1.27 trillion ($39.6 billion) according to a Bloomberg calculation, matching the average of analyst estimates. The figures were bolstered by very strong performance in June, when TSMC’s sales rose by 68% compared to the...

Asia TSMC Sales Surge 36% in Fresh Sign of AI Spending Momentum Taiwan Semiconductor Manufacturing Co. reported quarterly sales rose 36%, meeting high expectations and signaling global demand for AI hardware remains intact. Revenue for the three months ended June totaled NT$1.27 trillion ($39.6 billion) according to a Bloomberg calculation, matching the average of analyst estimates. The figures were bolstered by very strong performance in June, when TSMC’s sales rose by 68% compared to the same month a year earlier.
TSMC Sales Surge (ORG) Fresh Sign of AI Spending Momentum Asia (ORG) Fresh Sign of AI Spending Momentum Taiwan Semiconductor Manufacturing Co. (ORG) Bloomberg (ORG) TSMC (ORG)
Originally published by Bloomberg Technology Read original →