Taiwan Semiconductor Manufacturing Co. (TSM) posted a 34% year-over-year jump in November sales, showing that demand for its 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI)-focused chips remains strong.

The company, which supplies tech heavyweights such as Apple (AAPL) and Nvidia (NVDA), reported November sales of 276.06 billion 澳洲幸运5官方开奖结果体彩网:New Taiwan dollars ($8.48 billion). St♛ill, the sales numbers were down 12% from October's figures.

However, revenue between January anℱd November has jumped 32% year-over-year to NT$2.62 trillion.

November Sales Jump Comes After CEO Called AI Demand 'Real'

The numbers come after TSMC in October projected a 澳洲幸运5官方开奖结果体彩网:buoyant outlook, with 澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) C.C. Wei calling the demand for AI "real" in the third-quarter earnings call, according to aജ transcript provided by AlphaSense.

Tech companies have dramatically 澳洲幸运5官方开奖结果体彩网:increased their spending on AI infrastructure this year as they've raced to sat൲isfy surging demand for the emerging technology as well as cloud computing, but investors have been worried that the huge investments may not pay off.

U.S.-listed shares of TSMC, the world's 澳洲幸运5官方开奖结果体彩网:largest contract chip manufacturer, are falling about 1% in premarket trading but have almost doubled this year.