Taiwan Semiconductor Manufacturing, the world's largest semiconductor manufacturer, reports strong sales growth of 45% for July, confirming its position as a global leader in artificial intelligence (AI) chip manufacturing. This growth not only exceeded expectations from the June quarter, but also indicated continued strong demand for the AI chips it makes for giants such as Nvidia and Advanced Micro Devices (AMD).
The company's revenue for July reached a whopping 256.95 billion New Taiwan dollars (approximately US$7.9 billion). Analysts estimate that TSMC's third-quarter sales should grow 37% to TWD747.4 billion, with the July results suggesting that TSMC could even surpass those expectations.
TSMC $TSM plays a key role in the global demand for AI chips, making it a preferred manufacturer for companies like Nvidia and AMD. The company is also the exclusive processor supplier to Apple Inc. whose iPhones are now enjoying more customer interest again after pandemic slumps. Thanks to these…