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Technology Stocks : Semi Equipment Analysis

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Nov 26 4:00 PM EST

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From: Julius Wong	6/7/2024 8:42:16 AM
	1 Recommendation Read Replies (1) of 95480

Taiwan Semiconductor's May sales surge 30% Jun. 07, 2024 5:09 AM ET By: Ravikash Bakolia, SA News Editor Sundry Photography/iStock Editorial via Getty Images Taiwan Semiconductor Manufacturing's (NYSE: TSM) revenue for May rose 30.1% year-over-year to NT$229.62B (about $7.1B), helped by booming demand for AI products. TSM — which produces chips for some of the world's largest tech companies including Apple ( AAPL), Nvidia ( NVDA) and AMD ( AMD) — saw a month-over-month decline of 2.7%, as it generated revenue of NT$236.02B in April. Revenue for the five months, January through May 2024, amounted to NT$1.058T, rising 27.2% compared to the same period in 2023. In May, the company had said that it expects an annual revenue growth of 10% for the global semiconductor industry, excluding memory chips.

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