TECH - TSMC's Record Sales Surge: What's Behind the Sudden Spike? | Benzinga
Taiwan Semiconductor Manufacturing Co (NYSE:TSM) experienced a 60% surge in April sales to 236 billion New Taiwan dollars ($7.3 billion), driven by ongoing demand for artificial intelligence and signs of recovery in consumer electronics.
The world’s largest contract chipmaker is projected to boost sales by about a third this quarter, following a 34.3% increase in revenue growth in March, primarily fueled by the relentless demand for AI semiconductors.
The global smartphone market, particularly competitive in China, has grown again in the first quarter, potentially increasing orders for TSMC’s core mobile chips, Bloomberg