Taiwan Semiconductor Manufacturing Co reports NT$467.58B in sales for the month, driven by strong AI hardware orders.
Taiwan Semiconductor Manufacturing Co (TSM) posted a 44.7% year-over-year increase in monthly revenue, reaching NT$467.58B ($14.5B). The surge reflects persistent demand for AI chips amid broader market fluctuations.
The company, a key supplier for Nvidia (NVDA) and Apple (AAPL), previously reported a 36.9% rise in June sales. Analysts had anticipated continued strength in AI-related orders, though the latest figures exceeded expectations.
Shares of TSM and related semiconductor stocks showed modest gains in early trading following the release.