TSMC’s May Sales Rise 30% as Countries Race to Secure AI Chips
- AI is driving a global boom in data center construction
- TSMC is the biggest chipmaker to both Apple and Nvidia
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Taiwan Semiconductor Manufacturing Co.’s May sales rose 30% to NT$229.6 billion ($7.1 billion), helped by booming demand for artificial intelligence and a recovery in some consumer electronics.
The world’s largest contract chipmaker has benefited from a global race to develop AI services, producing semiconductors for Nvidia Corp. that are then sold to the likes of Microsoft Corp. and OpenAI. Worldwide smartphone sales also emerged from a longstanding slump in the first three months of the year, fueling expectations for strong orders of mobile chips.