Demand for artificial intelligence chips raises red flags, TSMC's sales growth in October hits the lowest since February
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Taiwan Semiconductor's sales in October increased by 29.2%, marking the lowest growth rate since February of this year, indicating weak demand for artificial intelligence chips. Although analysts expect sales to grow by 36.1% over the next three months, investors are concerned about the commercial potential of artificial intelligence. In addition, Taiwan Semiconductor has reached an agreement with American chip manufacturer GlobalFoundries to secure billions of dollars in subsidies and loans to support the construction of a factory in the United States
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