Revenue for the three-month period ending in September reached NT$989. 9 billion (US$32. 5 billion), based on Bloomberg News calculations using monthly sales data provided by the company, surpassing the average analyst estimate of NT$962. 8 billion. Shares of Asia’s most valuable company have risen by more than 30 percent this year, fueled by the ongoing AI-driven enthusiasm. The Taiwanese firm is the preferred chipmaker for leading AI accelerator designers such as Nvidia, Advanced Micro Devices, and Broadcom, and also manufactures processors for iPhones and other Apple devices. While the consumer electronics market has seen limited growth recently, TSMC’s transition to more advanced manufacturing technologies is increasing the profitability of each unit sold. On the AI front, US tech giants from Nvidia to OpenAI are investing billions to enhance their cloud computing infrastructure, which TSMC executives identify as a significant long-term growth opportunity.
TSMC Reports Record Revenue Driven by AI Demand and Advanced Manufacturing
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CoreWeave, a leading cloud computing provider specializing in AI workloads, has secured a substantial $650 million credit facility to accelerate its growth in the AI cloud computing sector.
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