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AppliPhonee’s chip manufacturer TSMC has reported better than expected revenues for Q4 2023, and says it’s due to AI causing increased demand for high-performance processors.
TSMC investing $40 billion in Arizona fabs
TSMC investing $40 billion in Arizona fabs
TSMC has previously been hit with falling demand as smartphone and laptop manufacturers had stockpiled processors during the global chip shortage. By July 2023, it was reporting a fall in profits, but expected the iPhone 15 would help it to rebound.
According to Bloomberg, there may not have been as great a lift from Apple sales as hoped, but still TSMC managed to match its Q4 2023 earnings from the same period in 2022.
Go Here to Read this Fast! TSMC makes up for falling iPhone demand with AI processors
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TSMC makes up for falling iPhone demand with AI processors
