Investing.com– TSMC (TW:) (NYSE:), the world’s largest contract chipmaker, clocked a pointy year-on-year improve in income by way of November on robust AI-fueled demand, though income nonetheless slowed from the prior month.
TSMC’s internet income rose 34% to T$276.06 billion ($8.52 billion) from T$206.03 billion final yr.
However income fell 12.2% from October’s studying of T$314.24 billion. 12 months-to-date income development nonetheless remained upbeat at 31.8%, rising barely from the prior month.
TSMC has seen an exponential leap in income over the previous yr on rising demand from the fast-growing synthetic intelligence trade. However traders have questioned simply how lengthy this development could be sustained, on condition that information centre constructing and demand for brand spanking new chips is anticipated to sluggish ultimately.
TSMC is a key provider to AI main NVIDIA Company (NASDAQ:), and just lately stated it expects demand to stay sturdy going into 2025.
