Taiwan Semiconductor Manufacturing Co.’s sales rose 34% in November, reflecting sustained growth from AI demand despite concerns that data center building will slow.

TSMC’s sales have surged over the past two years on the back of booming demand for advanced microchips following the launch of ChatGPT in Nov. 2022

Taiwan Semiconductor Manufacturing Company reported a 34% jump in November sales, fueled by sustained AI demand. October-November combined sales rose, and shares are up 80% this year. TSMC has become a key indicator of AI data center expansion,

Taiwanese chipmaking giant TSMC has posted about US$8.5 billion in November sales, a 12.2% revenue fall from October but a 34% year-on-year increase. High demand for AI has been credited for the better-than-predicted earnings.