TSMC posted a 16.9% rise in sales for October, the slowest pace since February 2024.
TAIPEI: Taiwan Semiconductor Manufacturing Co or TSMC has posted its slowest monthly revenue growth in more than a year, lending credence to concerns that the artificial intelligence (AI) stock rally isn’t justified by the industry’s business prospects.
TSMC, the main chipmaker to AI leader Nvidia Corp, posted a 16.9% rise in sales for October, the slowest pace since February 2024.
