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Technology Stocks : Semi Equipment Analysis
SOXX 231.08+1.4%Oct 4 4:00 PM EDT
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From: Julius Wong9/10/2024 8:12:37 AM
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Taiwan Semiconductor's August sales surge as AI demand continues

Sep. 10, 2024 7:53 AM ET
By: Chris Ciaccia, SA News Editor

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  • Taiwan Semiconductor (NYSE: TSM) said on Tuesday that sales for August surged year-over-year, buoyed in part by demand for all things artificial intelligence.
  • Taiwan Semi, which manufactures processors for Nvidia ( NVDA), Apple ( AAPL), AMD ( AMD) and others, said revenue for August came in at approximately $7.8B, or NT$250.87B, up 33% from August 2023, albeit down 2.4% from July.
  • Revenue for the eight months ended in July jumped 30.8% to approximately $55.16B, or NT$1,773.97B.
  • Shares fell 1.2% in premarket trading.
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