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TSMC Revenue Surges 44.7%

Yahoo Finance1 min brief

In brief

  • TSMC revenue hit NT$467.58 billion, roughly $14.5 billion, up 44.7% from a year ago.
  • The company makes chips for Nvidia and Google.
  • High-performance computing sales, which include AI chips, made up 66% of revenue.
  • The strong sales show that demand for AI chips is high.
  • TSMC plans to spend between $60 billion and $64 billion on new equipment.
    • This is a big increase in spending.
  • The company's revenue growth is a sign that the AI chip market is still strong.
  • The semiconductor index has fallen 15% from its June high.
  • But it is still up 72% on the year.
  • TSMC's revenue surge will likely impact the market in the coming months.

Read full story at Yahoo Finance

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