$Taiwan Semiconductor (TSM.US)$ Taiwan Semiconductor Manufac...

Taiwan Semiconductor Manufacturing Co.'s October sales hit a record high as the boom in artificial intelligence continued to power demand for its advanced chips.

The world's largest contract chip maker's October revenue rose 29% to 314.24 billion New Taiwan dollars, the equivalent of $9.79 billion, the first time it has posted monthly sales worth over 300 billion New Taiwan dollars.