TSMC sales highlight steady demand for artificial intelligence chips
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TSMC reported a 34% year-on-year increase in net revenues for November, driven by strong demand for AI chips. The company's sales reached approximately $8.5 billion in November and $80 billion from January to November.
December 10, 2024 | 10:15 am
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TSMC's significant revenue growth in November, driven by AI chip demand, indicates strong market positioning and potential for continued growth.
The 34% year-on-year increase in TSMC's revenues for November, largely due to AI chip demand, suggests strong market demand and TSMC's effective capture of this demand. This positions TSMC well for future growth, likely positively impacting its stock price in the short term.
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