TSM Beats By A Lot
Posted: Apr 10, 2024
- Taiwan Semiconductor Manufacturing Co. (TSMC) had its fastest monthly revenue growth since 2022 in March, reaching 195.2 billion new Taiwan dollars ($6.1 billion), up 34.3% year-on-year. - TSMC is the world's largest contract semiconductor manufacturer, making chips for companies like Apple and Nvidia. - The company is benefiting from the AI boom, with semiconductors, such as those designed by Nvidia, supporting the development of AI applications. - TSMC shares are up nearly 40% this year, as investors anticipate continued demand for AI chips. - Competition is rising in the market, with AMD and Intel introducing rival AI chips. - TSMC is expected to see a 23.7% rise in total revenue this year, after a decline in 2023.
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