Enthusiasm for AI, as well as the chips for its development and use, continues to grow, as indicated by a myriad of factors, including the impressive financial results of Taiwanese company TSMC.
Here’s what we know
TSMC is the largest supplier of semiconductors critical to AI development. Its main customers include MediaTek, Huawei, AMD, NVIDIA, Qualcomm, ARM Holdings, Apple, Marvell Technology, Intel and others.
The huge demand for chips led to rapid growth in TSMC’s revenue, which even exceeded the company’s forecasts.
According to the financial report, the full version of which will be released on October 10, revenue for the latest quarter amounted to NT$759.7 billion (US$23.6 billion), as analysts expected a profit of NT$748 billion.
Following the preliminary financial report, shares of the Taiwanese company rose 0.4%, while shares of NVIDIA rose 1.1%.
TSMC management is confident that the demand for chips for AI will increase, because this technology has just begun its development and is still far from perfect, and this process is not hampered by difficult relations between states -United States and China.
