TSMC Posts 34% Sales Growth in November on Sustained AI Demand

Taiwan Semiconductor Manufacturing Co.’s sales rose 34% in November, reflecting sustained growth from AI demand despite concerns that datacenter building will slow.

The go-to chipmaker for Apple Inc. and Nvidia Corp. reported monthly sales of NT$276.1 billion ($8.5 billion). The combined sales in October and November rose 31.4%, based on Bloomberg’s calculations, while analysts project sales to grow 36.3% in the current quarter. TSMC’s shares are up about 80% so far this year.