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TAKEAWAYS KEY
- Taiwan Semiconductor Manufacturing Co. posted a 34% year-over-year jump in November sales, showing that demand for its artificial intelligence (AI)-focused chips remains strong.
- However, the company—which supplies tech heavyweights such as Apple and Nvidia—said sales were down 12% from October.
- TSMC shares listed in the U.S. are slipping during premarket trades, but they have nearly doubled since this time last year.
Taiwan Semiconductor Manufacturing Co., (TSM), posted an increase of 34% in its November sales compared to last year. This shows that the demand for chips focusing on artificial intelligence (AI), is strong.
This company supplies major tech companies such as Apple, Nvidia and Nvidia. The sales for November were 276.06 New Taiwan dollars (8.48 Billion). The sales figures were still down by 12% compared to October.
In fact, between January-November revenue has risen 32% over the previous year to NT$2.62 Trillion.
November Sales Jump Comes After CEO Called AI Demand 'Real'
The numbers come after TSMC in October projected a buoyant outlook, with Chief Executive Officer (CEO) C.C. Wei said that the AI demand was growing. “real” According to AlphaSense’s transcript of the earnings call for the third quarter, AlphaSense reported that AlphaSense was present during this conference.
Investors are worried about the large investments that tech companies made in AI infrastructure. They’re racing to meet the surging demand of the new technology and cloud computing.
U.S. shares of TSMC (the world’s biggest contract chip manufacturer) are dropping about 1% before the market opens, yet have more than doubled in value this year.
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