TSMC posts 30% profit growth thanks to sustained demand for AI chips

Driven by massive demand for advanced semiconductors and artificial intelligence hardware, Taiwan Semiconductor Manufacturing Co (TSMC) saw its profit in May increase by 30.1% compared with last year. The world leader in contract-based chip manufacturing announced that monthly revenue came to 416.98 billion New Taiwan dollars (€11.4 billion euros), a modest increase of 1.5% compared [&hellip The post TSMC posts 30% profit growth thanks to sustained demand for AI chips appeared first on...