Major Apple supplier TSMC’s revenue handily beats estimates

Taiwan Semiconductor Manufacturing Co. (TSMC)’s quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of AI hardware spending will extend into 2025. Apple’s primary chipmaker reported a 39% rise in October-December revenue to NT$868.5 billion ($26.3 billion), based on calculations off monthly disclosures, according to Bloomberg News. That compares with an average estimate of NT$854.7 billion.
Reuters:‎Revenue in the October-December period of 2024 cam