TSMC's November Sales Jump 34%, Powered By AI Demand And Robust Smartphone Chip Growth

Benzinga 2024-12-10

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Taiwan Semiconductor Manufacturing Company reported a 34% jump in November sales, fueled by sustained AI demand. October-November combined sales rose, and shares are up 80% this year. TSMC has become a key indicator of AI data center expansion, benefiting from significant server and data center investments by tech giants since ChatGPT's launch. Robust demand for AI and high-end smartphone chips continues despite concerns over slowing data center construction.

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