TSMC Sales Jump 45% On Strong AI Chip Demand But Investors Shrug

Taiwan Semiconductor Manufacturing (TSM) on Monday reported that its sales in July rose nearly 6% from June and 45% year over year thanks to strong demand for AI chips. But TSM stock wavered. The world’s largest contract chipmaker, better known as TSMC, tallied the equivalent of $14.52 billion in sales in July. TSMC reports results in New Taiwan dollars. In…