TSM Stock: Taiwan Semiconductor Sales Jump 60% in October

Taiwan Semiconductor Manufacturing (TSM) said on Tuesday that its October sales jumped 59.7% year-on-year in local currency terms, as the company continues to benefit from strong AI chip production. TSM stock rose on the news. The world’s largest contract chipmaker, better known as TSMC, reported monthly sales of 586.89 billion new Taiwan dollars ($17.85 billion). Its sales increased by 14.7%…