00:00It's Benzinga, and here's what's on the block.
00:02TSMC raised its revenue outlook for 2024 to reflect stronger than expected demand for
00:07chips used in artificial intelligence applications.
00:11The company reported quarterly profits that beat analysts' estimates, with revenue growing
00:14to a record high.
00:16ASML's increase in second-quarter order bookings indicates robust progress in TSMC's N2 development,
00:22which is set to begin mass production in late 2025 at a higher price than N3 process.
00:28AI-related chips now make up over 50 percent of TSMC's revenue, the first time a single
00:33application has comprised over half of total sales.
00:36For all things money, visit Benzinga.com.
