Apple supplier TSMC’s sales jumped 60% in April on AI chip demand – MacDailyNews
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Major Apple supplier Taiwan Semiconductor Manufacturing Co. (TSMC) saw April sales jump 60% to NT$236 billion (US$7.3 billion) as demand for artificial intelligence chips was bolstered by the beginnings of a recovery in consumer electronics.
Jane Lanhee Lee for Bloomberg News:
The world’s largest contract chipmaker is estimated to increase sales by about a third in the current quarter, after revenue growth accelerated to 34.3% in March, buoyed largely by insatiable appetite for AI semiconductors. The global smartphone industry returned to growth over the first three months of the year, including in the highly competitive Chinese market, which may drive orders for TSMC’s traditional mainstay of mobile chips.
The company’s shares soared to an all-time high in April, as it remains in an enviable position to benefit from the rise of AI technology, being Nvidia’s sole manufacturer for the most advanced training chips. TSMC also fabricates semiconductors for Apple Inc., which just announced a new lineup of iPads…
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