TSMC Stock Rises. What Its Rising Sales Say About Demand for AI Chips.
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Taiwan Semiconductor Manufacturing (TSMC) reported a 34% increase in revenue for 2024, driven by strong demand for AI chips.
January 10, 2025 | 1:45 pm
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TSMC's revenue increased by 34% in 2024 due to high demand for AI chips, indicating strong market positioning in the AI semiconductor sector.
The significant revenue growth of 34% for TSMC in 2024 is directly linked to the rising demand for AI chips, suggesting a positive impact on TSM's stock price as it indicates strong market demand and TSMC's leading position in the semiconductor industry.
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