TSMC’s July Sales Grow 26% on Sustained Demand for AI Chips

(Bloomberg) – Taiwan Semiconductor Manufacturing Co. reported a 26% growth move in July and contributed to the evidence of accelerating artificial intelligence expenditures.

AI hardware providers Nvidia Corp. and Advanced Micro Devices Inc. This growth is compatible with the analyst expectations of an increase in the company’s third quarter income.

Even with the head wind of a more powerful Taiwan dollar, TSMC is trying to close the gap between supply and high demand – and increased by 38% compared to its performance in January – July 2024.

Stocks traded with TSMC TAIPEI reached a record level on Thursday after the announcement of new tariffs in chips that will exempt TSMC due to investment in US production.

What does Bloomberg say?

TSMC and Globalwafers are the highest probability of exploiting new tariffs on semiconductors after investing billions of investments in the US production facilities. United Microelectronics and ASE’s efforts to make the limited proximity leave them vulnerable and at risk of losing market share to US -based competitors Globalfoundies and Amkor.

– Charles Shum, BI Analyst

Beyond its priority as the best choice for AI Silicone, TSMC still has an important job that provides semiconductors for smartphones and said that this sector is a gradual improvement this year.

Apple Inc. He also reported the highest revenue increase in China for more than three years on the solid demand in China and said that its sales in the current quarter would increase from last year to mid -year.

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