Taiwan Semiconductor sales jump nearly 60% YoY on AI demand

Taiwan Semiconductor Manufacturing Company (TSM) shares are rising after the company reported that its sales jumped nearly 60% year over year. Yahoo Finance Tech Editor Dan Howley joins The Morning Brief to discuss the company's position in the AI chip race. The rising demand for chips built for artificial intelligence largely drove Taiwan Semiconductor's sales last quarter. The company also produces smartphone chips, but AI chips took the lead as demand slumped. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl