Investing.com– TSMC (TW:) (NYSE:), the world's largest contract chipmaker, reported a pointy year-over-year income enhance by November on sturdy AI-powered demand, though revenues nonetheless slowed from the earlier month.
TSMC's internet income elevated 34% to $US276.06 billion ($8.52 billion) from $US206.03 billion final 12 months.
However income fell 12.2 % from October's NT$314.24 billion. 12 months-to-date income development remained optimistic at 31.8%, up barely from the earlier month.
TSMC has seen an exponential enhance in income over the previous 12 months resulting from growing demand from the quickly rising synthetic intelligence sector. However traders are questioning how lengthy that development will be sustained, provided that information heart development and demand for brand new chips are anticipated to finally gradual.
TSMC is a key provider to AI big NVIDIA Company (NASDAQ:), and just lately mentioned it expects demand to stay strong by 2025.
#TSMC #income #rises #November #slows #earlier #month #Investing.com , #Gossip247
,
