TSMC Hammers April Sales Results on AI Chip Demand

Key TakeawaysTaiwan Semiconductor Manufacturing Co. reported April sales jumped nearly 60% as demand for artificial intelligence (AI) chips soars.The big contract semiconductor maker said last month's sales rose 20.9% from March.TSMC American depositary receipts (ADRs) traded near their all-time high. American depositary receipts (ADRs) of Taiwan Semiconductor Manufacturing Co. (TSM) traded near their all-time high Friday as the chipmaker’s sales skyrocketed last month on soaring demand for semiconductors u ...