India, Aug. 10 -- TSMC has reported a huge jump in sales as demand for AI chips remains strong. Taiwan Semiconductor Manufacturing Co. (TSMC), the world's biggest chipmaker, reported July revenue of 467.58 billion New Taiwan dollars ($14.5 billion). That was 44.7% higher than the same month last year.

The strong July number shows that the AI boom is still creating huge demand for advanced chips. Companies around the world are spending heavily on AI infrastructure, including the powerful chips needed to train and run AI systems. CNBC reported that investors are closely watching whether Big Tech's massive AI spending is producing enough returns.

TSMC is one of the biggest companies benefiting from this AI spending because it makes chips f...