TSMC's November sales up 34% due to strong AI demand

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 34% sales increase in November.

Sales reached NT$276.1 billion (around US$8.5 billion), mainly due to demand in the AI sector.

Sales for October and November rose by 31.4% compared to the previous year.

Meanwhile, TSMC’s shares have risen by about 80% this year.

As a major supplier for Apple and Nvidia, TSMC has gained from heightened investments in AI-focused data centers.

Recent Taiwan Semiconductor Manufacturing Co. developments

Timeline
09-Dec-2024 📊 TSMC’s market share hits nearly 65%: report TSMC grows market share to 64.9% in Q3. Sales hit $23.53 billion, a 13% quarterly rise.
05-Dec-2024 🖥️ TSMC, Nvidia discuss AI chip production in Arizona TSMC, Nvidia discuss Blackwell AI chip production. Arizona plant lacks packaging for Blackwell chips.
28-Nov-2024 🏭 TSMC installs equipment at first 2-nanometer chip plant TSMC installs equipment at 2-nm fab in Kaohsiung. Production planned for 2025, aiding AI and smartphones.
18-Nov-2024 ⚖️ TSMC denies discriminatory hiring claims TSMC declines to comment on discrimination lawsuit. Employees allege bias against non-East Asian hires.
25-Oct-2024 📈 TSMC’s Arizona plant yields surpass Taiwan

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