TECH - Taiwan Semi Rides AI Wave Reports $7.1B Revenue In May | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSMC) saw a 30% increase in May sales, reaching $229.6 billion New Taiwan dollars ($7.1 billion), due to high demand for AI and recovering consumer electronics.
As the world’s largest contract chipmaker, TSMC produces semiconductors for Nvidia Corp (NASDAQ:NVDA), which supplies companies like Microsoft Corp (NASDAQ:MSFT) and OpenAI, Bloomberg reports.
Additionally, global smartphone sales rebounded in early 2023, boosting mobile chip orders.
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TSMC maintains high margins, producing advanced AI accelerators for Nvidia and semiconductors for Apple Inc (NASDAQ:AAPL) and Advanced Micro ...