TSMC Reports 40% Sales Increase Due to AI Demand; Microsoft and Apple Relinquish OpenAI Board Seats as Musk Parts Ways with Oracle
The demand for AI chips is on the rise, particularly benefiting Taiwan Semiconductor Manufacturing Co. Ltd. (TSM). TSM exceeded revenue expectations in the second quarter of 2024, with a 40% increase from the same quarter last year. This growth is attributed to the increased demand for AI chips, as TSM is a key supplier for … Read more