Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is one of the 10 Best Semiconductor Stocks to Buy According to Billionaires.
On June 10, Bloomberg reported that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) posted a 30% jump in May sales because of sustained demand tied to global artificial intelligence infrastructure buildouts
The company had May revenue of NT$416.98 billion ($13.2 billion). Bloomberg calculations showed combined April and May sales rising about 24% YoY. Analysts expect second-quarter sales to jump roughly by 35%, Bloomberg reported.
The report said TSMC has become a critical supplier for AI chips. It is producing semiconductors for companies including Nvidia and Advanced Micro Devices as major tech firms ramp up spending. Chief Executive Officer C.C.