5 days ago
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.
The chipmaker for Nvidia Corp. and Apple Inc. sales 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.
