Technology
TSMC Sales Surge 36% in Fresh Sign of AI Spending Momentum
Key Points
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.