TECH - Nvidia Supplier TSMC Leads Charge in AI Chip Boom Despite Taiwan's Tech Sector Sales Slump | Benzinga
Key Nvidia Corp (NASDAQ:NVDA) and Apple Inc (NASDAQ:AAPL) supplier Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and other leading chipmakers in Taiwan experienced a buoyant February, riding the wave of robust demand for artificial intelligence (AI)–related products, even as the broader consumer electronics sector faced declining sales.
This contrast highlighted Taiwan’s tech industry’s varied performance during the month.
The overall sales for Taiwan’s principal tech manufacturers dropped by 5.9% year-on-year in February, marking the third month of consecutive negative growth.
However, a surge in AI-related sales helped mitigate the decline from January’s 8.3% drop, the Nikkei Asia reports.
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The combined February sales of the island’s 19 most prominent tech companies amounted to 958.2 billion ...