Asia
TSMC Sales Soared 45% in July on Strong AI Demand, Shares Gain
- World’s leading contract chipmaker accelerated growth in July
- TSMC serves as bellwether for AI and mobile chip demand
TSMC is one of the key bellwethers for AI demand.
Photographer: An Rong Xu/BloombergThis article is for subscribers only.
Taiwan Semiconductor Manufacturing Co.’s revenue rose 45% in July, accelerating its pace of growth from the June quarter and bolstering hopes for sustained strong demand for artificial intelligence chips from the likes of Nvidia Corp.
Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations.