TSMC reports better-than-expected sales on sustained AI demand

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Taiwan Semiconductor Manufacturing Co. reported a 30% increase in its third-quarter sales as major US tech companies continued to make multibillion-dollar bets on AI.

Revenue for the three-month period ending in September totalled NT$989.9 billion ($32.5 billion), according to Bloomberg News calculations based on monthly sales numbers provided by the company, while analysts on average were looking for NT$962.8 billion. The shares of Asia’s most valuable company have gained more than 30% this year thanks to the prolonged AI euphoria.

The Taiwanese…



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TSMC reports better-than-expected sales on sustained AI demand


Taiwan Semiconductor Manufacturing Co. reported a 30% increase in its third-quarter sales as major US tech companies continued to make multibillion-dollar bets on AI.

Revenue for the three-month period ending in September totalled NT$989.9 billion ($32.5 billion), according to Bloomberg News calculations based on monthly sales numbers provided by the company, while analysts on average were looking for NT$962.8 billion. The shares of Asia’s most valuable company have gained more than 30% this year thanks to the prolonged AI euphoria.

The Taiwanese…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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