TSMC reported a 60% year-over-year increase in April sales to NT$236 billion, with AI chips and consumer electronics driving growth.
Taiwan Semiconductor Manufacturing Company (TSMC) reported a 60% year-over-year increase in April sales, reaching NT$236 billion ($7.3 billion). This marks the second-highest monthly revenue in the company's history, driven by a rise in demand for artificial intelligence (AI) chips and signs of recovery in the consumer electronics market. TSMC is expected to boost sales by approximately one third in the current quarter, following a 34.3% increase in revenue growth in March.
May 10, 2024
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