(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s sales rose in January after strong demand for AI chips helped offset ongoing weakness in consumer electronics products.
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Apple Inc., the world’s largest chip contract maker, and Apple Inc., according to a statement on Wednesday. And Nvidia Corp. The supplier’s revenue rose 7.9% last month to NT$215.79 billion ($6.9 billion).
The revenue growth is the latest sign that a long-awaited sector boom is on the way. According to Bloomberg Intelligence, as demand increases, TSMC is poised to overtake its rivals thanks to its lead in the most advanced technology and AI chips.
Last month, TSMC said it was forecasting revenue growth of at least 8% in the March quarter, to between $18 billion and $18.8 billion.
However, the tech sector continues to be hit by continued weakness. Apple warned it faces a tougher quarter than the year-ago period, boosted by a surge in iPhone demand, while iPhone assembler Hon Hai Precision Industry Co. reported a 21% decline in January sales. A decline has been registered.
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