TSMC 2nd-quarter sales rise 38.6% y/y, beat forecasts
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Nvidia is the artificial-intelligence chip superstar but Taiwan Semiconductor Manufacturing deserves a mention too. The Taiwanese chip manufacturer’s sales are booming as it rides a wave of demand for AI processors.
Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, posted a first-half revenue surge of 40% on booming AI demand.
Taiwanese chip giant TSMC reported on Thursday a 40% surge in revenue in the first six months on robust demand for AI technology.
Taiwan Semiconductor Manufacturing Co.’s revenue rose a better-than-anticipated 39% in the June quarter, buoying expectations for a sustained post-ChatGPT boom in AI spending.Most Read from BloombergSinger Akon’s Failed Futuristic City in Senegal Ends Up a $1 Billion ResortAre Tourists Ruining Europe?
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Taiwan Semiconductor Manufacturing Company Limited has a remarkable macro growth backdrop. Learn why TSM stock is way too expensive right now to buy.
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TSMC CEO CC Wei reaffirmed in June that demand for AI chips continues to outpace supply, and reiterated the company’s forecast for mid-20% revenue growth in US dollar terms for full-year 2025.