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TSMC sales increase 45% in July — showing strong AI demand

2024/8/9 15:11 JST (some excerpts)
Sales of Taiwan Semiconductor Manufacturing (TSMC), the largest contract manufacturer of semiconductors, increased 45% in July compared to the same month last year. Even as doubts about the possibility of artificial intelligence (AI) technology are growing due to global high-tech stock sales, it shows strong demand for AI semiconductors.
Sales in July reached 256.9 billion 50 million Taiwan dollars (approximately 1.170 trillion yen).
Analysts expect sales for July-September (3rd quarter) to be 747.4 billion Taiwan dollars, a 37% increase from the same period last year, and the July results suggest that there is a possibility that they will exceed that forecast.
Due to concerns about the future of the global economy, investors sold some of the stocks that rose conspicuously this year, including major high-tech stocks that have been at the center of the AI boom.TSMCThe stock price dropped by about 10% on the 5th, but fund management personnel who saw it as a perfect place to buy went to buy it, and it picked up significantly.
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