AI chip demand turns red, TSMC's October sales growth hits the lowest since February

TSMC's October sales rose 29.2%, the slowest since February, raising a warning about the endurance of demand for AI chips. The company, which produces chips for Apple and Nvidia, said its monthly sales were NT$314.2bn (US$9.8bn). Before that, its sales grew more than 30% each month from March to September. Analysts expect the chipmaker's sales to grow 36.1% in the three months ended December.