May 21, 2024
Finance

TSMC posts rise in profit, expects Q2 sales to jump on ‘insatiable’ AI demand

TAIPEI (Reuters) -TSMC, the world’s largest chipmaker and a major Apple and Nvidia supplier, forecast second-quarter sales may rise as much as 30% as it rides a wave of demand for semiconductors used in artificial intelligence (AI) applications. The surging need for processors for AI left executives at Taiwan Semiconductor Manufacturing Co (TSMC), which investors

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