TSMC Revenue Climbs 39% in Latest Sign of AI Spending Boom

Taiwan Semiconductor Manufacturing Co.’s revenue rose a better-than-anticipated 39% in the June quarter, buoying expectations for a sustained post-ChatGPT boom in AI spending.

Sales for the chipmaker to Nvidia Corp. and Apple Inc. climbed to NT$934 billion ($32 billion) for the three months, based on its reported monthly revenue. That beat the average analyst projection for about NT$928 billion.