Taiwan Semiconductor Manufacturing Company (TSM) stock is in focus following its August revenue report, where the chip giant posted a 33% year-over-year increase. Sales rose to $7.8 billion (converted from the New Taiwan dollar).

The revenue growth comes amid two key industry trends: surging demand for AI chips and early signs of recovery in the smartphone market.

Morning Brief co-hosts Seana Smith and Brad Smith dive into the details.

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This post was written by Angel Smith