TSMC’s August Sales Climb 34% in Latest Sign of Solid AI Demand

Taiwan Semiconductor Manufacturing Co. posted a 34% rise in August revenue, signaling sustained global demand for cutting-edge AI silicon.

Nvidia Corp.’s main chipmaker reported sales last month totaled NT$335.8 billion ($11.1 billion). Analysts on average are looking for a roughly 25% increase for the September quarter.

TSMC is one of the biggest beneficiaries of the post-ChatGPT AI boom because of its central role in the production of Nvidia accelerators, the gold standard for training algorithms. The Taiwanese company is also the world’s largest producer of the most advanced chips, including for Apple Inc.’s iPhones.

Its sustained growth lends ...