TSMC Revenue Jumps 34% in November in Sign of AI Demand
- Sales remain on track despite fears of a market plateau
- TSMC is the main chipmaker to both Apple and Nvidia globally
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Taiwan Semiconductor Manufacturing Co.’s sales rose 34% in November, reflecting sustained growth from AI demand despite concerns that data center building will slow.
The go-to chipmaker for Apple Inc. and Nvidia Corp. reported monthly sales of NT$276.1 billion ($8.5 billion). The combined sales in October and November rose 31.4%, based on Bloomberg’s calculations, while analysts project sales to grow 36.3% in the current quarter. TSMC’s shares are up about 80% so far this year.