TSMC Sales Grow 45% in July on Strong AI Chip Demand (shared)

Taiwan Semiconductor Manufacturing Co. 's revenue rose 45% in July, an early indication of strong demand for AI chips even as a global tech selloff underlined growing doubts about the technology's potential.

Sales for the month reached NT$256.95 billion ($7.9 billion). For the third quarter, analysts project TSMC revenue should grow 37% to NT$747.4 billion, with the July result suggesting TSMC may surpass those expectations.