20 AI News That Broke The Internet This Month

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7. Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

Number of Hedge Fund Holders: 156  

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) makes and sells integrated circuits and semiconductors. The company posted August sales numbers earlier this month, revealing that revenue for the month came in at approximately $7.8 billion, up 33% from August 2023. JP Morgan highlighted the strong sales in August for the chipmaker and suggested the global foundry could surpass third-quarter guidance. Latest reports suggest that Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) is mulling plans to partner with electronics giant Samsung to build mega chip factories in the United Arab Emirates. These factories would help satisfy soaring demand for artificial intelligence computing, per The Wall Street Journal.

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