TSMC posted a surge in revenue in March as it cashes in on a continuing artificial intelligence boom powered by high-end chips.
TSMC said March revenue came in at 195.2 billion new Taiwan dollars , up 34.3% year-on-year. that's the fastest pace of growth since Nov. 2022.
TSMC is the world's largest contract semiconductor manufacturer. It makes chips for companies from Apple to Nvidia. The company is currently riding the AI boom. Semiconductors, such as those designed by Nvidia, have been underpinning the development of AI applications., posted a surge in monthly revenue in March, as it cashed in on a continuing artificial intelligence boom powered by high-end chips.
TSMC said March revenue came in at 195.2 billion new Taiwan dollars , up 34.3% year-on-year — marking the fastest pace of growth since November 2022.The company is currently riding the AI boom. Semiconductors, such as those designed by Nvidia, have been underpinning the development of AI applications.TSMC shares are up just under 40% this year to date, as investors bet on the continued demand for AI chips.
In January, the company said that its AI revenue is growing 50% on an annual basis. Analysts expect TSMC to post a 23.7% rise in total revenue this year, according to LSEG consensus estimates, after a decline in 2023.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
TSMC posts fastest monthly revenue growth since 2022 on AI chip boomTSMC posted a surge in revenue in March as it cashes in on a continuing artificial intelligence boom powered by high-end chips.
Read more »
March Madness evokes memories of NC State's last Elite Eight in 2022The specter of two years ago still hangs over North Carolina State. The Wolfpack made it to the Elite Eight in 2022 and were tasked with facing UConn in Bridgeport. A 91-87 double-overtime loss to the Huskies sent them home. Third-seeded N.C.
Read more »
Yes, March is a popular month for vasectomies so men can recover while watching March MadnessMost men get vasectomies before the March Madness NCAA basketball tournament. That is so they can recover while watching college hoops.
Read more »
Kenny Chesney to perform special amphitheater show at Ruoff Music CenterJames Howell joined WRTV as a digital content producer in March 2022.
Read more »
Colts, linebacker Zaire Franklin agree to contract extension, ESPN reportsJames Howell joined WRTV as a digital content producer in March 2022.
Read more »
Delphi Murders Trial moved up to May 2024James Howell joined WRTV as a digital content producer in March 2022.
Read more »