By Vicky McKeever
Publication Date: 2026-02-10 09:48:00
Shares in TSMC (2330.TW), the world’s largest contract chipmaker, rose 3.6% on Tuesday after releasing its latest sales figures.
TSMC reported net sales of TWD401.26 billion (£9.3 billion) in January, up nearly 20% from TWD335 billion in December and up nearly 37% from the TWD293.3 billion reported in the same month last year.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, said: “TSMC’s January sales were strikingly strong, indicating increasing momentum in its AI hardware expansion and a clear positive signal for Nvidia.”NVDA).
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He said sales were well above seasonal standards and first quarter sales were now above market expectations.
“This strength is consistent with robust demand for AI servers and faster build rates, increasing confidence in Nvidia’s near-term prospects ahead of late February results,” Britzman said. “Opposite…
