TSMC October Sales Growth Slows on Moderating AI Chip Demand
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Taiwan Semiconductor Manufacturing Co.’s sales rose 29.2% in October, the slowest pace of growth since February in a cautionary note about AI chip demand’s staying power.
The manufacturer of Apple Inc. and Nvidia Corp. chips reported monthly sales of NT$314.2 billion ($9.8 billion). That follows sales growth exceeding 30% in every month between March and September. Analysts expect the chipmaker to deliver a 36.1% increase in sales for the three-month period through December.