Tech
TSMC reports better-than-expected sales on sustained AI demand
[ad_1]
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…
[ad_2]
Source link
Continue Reading