(Bloomberg) — Taiwan Semiconductor Manufacturing Co.'s gross sales rose 34% in November, reflecting continued progress in demand for AI regardless of considerations a few slowdown in knowledge middle building.
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The go-to chipmaker for Apple Inc. and Nvidia Corp. reported month-to-month income of NT$276.1 billion ($8.5 billion). Mixed gross sales in October and November rose 31.4%, in accordance with Bloomberg calculations, whereas analysts forecast gross sales progress of 36.3% within the present quarter. TSMC shares are up about 80% up to now this 12 months.
The Taiwanese firm is taken into account a pacesetter within the growth of synthetic intelligence knowledge facilities. Since ChatGPT launched in late 2022, TSMC and different AI {hardware} distributors have benefited from huge spending on servers and knowledge facilities by massive tech firms, together with Microsoft Corp. and Amazon.com Inc. However buyers are more and more involved about whether or not the spending will ship outcomes as a result of a killer AI software continues to be lacking.
But whereas rivals Samsung Electronics Co. and Intel Corp. are each struggling to achieve traction by contracting clients to make their chips, TSMC may see pricing energy forward, in accordance with Bloomberg Intelligence analyst Charles Shum.
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