TSMC revenue increases by 33% in August as AI chip demand holds up

Quick Summary:

TSMC offered an upbeat assessment of its business and prospects when it last reported earnings.

In July, the world’s largest contract chipmaker raised its full-year growth outlook to beyond the maximum mid-20% it had guided toward previously.

A18 and A18 Pro processor performance gains align with our expectations, reinforcing a positive outlook for TSMC’s N3E node sales growth.

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Article Details

Category: BusinessFinance

Markets: IndiaJapanTaiwan

Topics: Artificial intelligence August AI chip Semiconductor

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-10 @ 23:27:58 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22451562

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