Taiwan Semiconductor’s August sales surge as AI demand continues
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- Taiwan Semiconductor (NYSE:TSM) said on Tuesday that sales for August surged year-over-year, buoyed in part by demand for all things artificial intelligence.
- Taiwan Semi, which manufactures processors for Nvidia (NVDA), Apple (AAPL), AMD (AMD) and others, said revenue for August came in at approximately $7.8B, or NT$250.87B, up 33% from August 2023, albeit down 2.4% from July.
- Revenue for the eight months ended in July jumped 30.8% to approximately $55.16B, or NT$1,773.97B.
- Shares fell 1.2% in premarket trading.