35 AI News You Should Not Miss

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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 recently posted revenue numbers for September, revealing that revenue for the month surged nearly 40% year-on-year to around NT$251 billion amid growing demand for artificial intelligence chips for use in AI products. The firm makes chips for several prominent tech firms, including Apple, NVIDIA, and AMD. The chipmaker had earlier said it expected third quarter revenue to be between $22.4 billion and $23.2 billion. For the third quarter, the company expected business to be helped by strong smartphone and AI-related demand for leading-edge process technologies.

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