(Bloomberg) — Taiwan Semiconductor Manufacturing Co. posted a better-than-expected 39% rise in quarterly revenue, assuaging concerns that AI hardware spending is beginning to taper off.
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The main chipmaker to Nvidia Corp. and Apple Inc. reported September-quarter sales of NT$759.7 billion ($23.6 billion), versus the average projection for NT$748 billion. Taiwan’s largest company will disclose its full results next Thursday.
The better-than-anticipated performance may reinforce the view of investors betting that AI spending will remain elevated as companies and governments race for an edge in the emergent technology. Others caution that the likes of Meta Platforms Inc. and Alphabet Inc.’s Google can’t sustain their current pace of infrastructure spending without a compelling and monetizable AI use case.
Hsinchu-based TSMC is one of the key companies at the…
