Taiwan Semiconductor’s July sales rise 26% as AI demand stays strong

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Taiwan Semiconductor Manufacturing Company (TSMC) plant in Tainan Science Park, Taiwan

BING-JHEN HONG/iStock Editorial via Getty Images

Taiwan Semiconductor Manufacturing (NYSE:TSM) reported nearly 26% year-over-year surge in July revenue, reinforcing signs of accelerating investment in artificial intelligence.

The contract chipmaker, which supplies giants like Nvidia (NVDA) and Apple (AAPL), posted sales of NT$323.2 billion ($10.8

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