U.S. chipmaker to ramp up production 'significantly,' boosting TSMC shares
Nvidia is the world's leading company in AI chips. The company reported a record $13.51 billion in revenue for the three months ended July 30. © Reuters
YIFAN YU, Nikkei staff writer | U.S.
PALO ALTO, U.S. -- U.S. chipmaker Nvidia reported a 101% year-over-year jump in quarterly revenue Wednesday, as companies around the world race to build next-generation artificial intelligence-powered products, driving up demand for AI chips.
For the three months ended July 30, California-based Nvidia racked up $13.51 billion in revenue, more than doubling last year's figure and setting a new record for the company.
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