TSMC shares have climbed to the largest amount since 2020 thanks to the mutation of artificial intelligence

Sales of the company rose 7.9% in January amid the recovery of global consumer electronics demand. Read notules – 4 Published: 15 February 2024 08:18 Last update: 15 February 2024 11:45 TSMC shares are rising by the largest amount since 2020 thanks to the mutation of artificial intelligence. To produce semiconductors. The share of the largest company in Taiwan jumped 9.8% following the resumption of trading to the end of the lunar holidays that lasted a week, which was the largest increase in one session since July 2020. The company’s share contributed to pushing Taiwan’s main stock index to a record level. Taiwan for Semiconductor Manufacturing Company announced last week that January sales have risen 7.9%, which is the latest sign of the expected recovery in global consumer electronics demand. In light of the market recovery, Taiwan is expected to benefit the semiconductor manufacturing business, which is also the most important disc maker of Apple, of the boom in the development of artificial intelligence that needs advanced discs. The analysts of Morgan Stanley, including Charlie Chan, wrote this week that the shift to language models similar to “Chat GBT” should improve the demand for advanced chips, which benefits the most advanced muscle work in Taiwan to produce semiconductors. Stories classifications can interest you in this most read article