Oct 17, 2024 - Business
Charted: AI demand alive and well
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All is well with AI chip demand.
- Whatever wider fears chip equipment maker ASML triggered Tuesday, Taiwan Semiconductor Manufacturing Co. wiped away today.
Zoom in: The AI-economy bellwether, which fields orders for chip production from the world's tech giants, reported a 36% jump in third-quarter revenue compared with a year earlier, to $23.5 billion. It also hiked its outlook.
- "The demand is real and I believe it's just the beginning," TSMC CEO C.C. Wei told investors about AI. "As one of my key customers said, the demand right now is insane."
