Reported 23 days ago
Taiwan Semiconductor Manufacturing Company (TSMC) has reported incredible quarterly earnings, with CEO C.C. Wei stating that the demand for AI chips is so high that their revenue contribution is expected to triple this year, reaching mid-teens as a percentage of total revenue. This rapid growth in AI chip demand, particularly from major clients like Apple and Nvidia, showcases TSMC's pivotal role in the tech industry, and while the stock price has risen sharply, it might still be a worthy investment for long-term growth amidst the sustainable AI trend.
Source: YAHOO