Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract
chipmaker, has reported a 36% jump in second-quarter net profit, surpassing market
expectations. The company’s net profit for the April-June period climbed to $7.60 billion, up
from $5.57 billion a year earlier.
TSMC’s revenue also rose 33% year-on-year to $20.8 billion, beating the company’s
previous forecast of $19.6 billion to $20.4 billion. The company’s capital expenditure in the
second quarter was $6.36 billion, compared with $5.77 billion in the first quarter.
The company’s shares have been impacted by recent comments from Donald Trump, the
Republican candidate for the US presidency, who stated that Taiwan “did take about 100%
of our chip business” and should pay the US for its defense. TSMC’s Taipei-listed shares
closed down 2.4% on Thursday.
TSMC’s strong quarterly performance is attributed to the growing demand for
semiconductors used in artificial intelligence applications. The company is a major
supplier to Apple and Nvidia, and has benefited from the surge in AI adoption.
This news article highlights TSMC’s impressive quarterly performance, driven by the
growing demand for AI-related semiconductors. Despite the recent decline in pandemic-
driven electronics demand, TSMC has shown resilience and continues to be a leader in the
chipmaking industry.
TSMC, the world’s largest contract chipmaker, has reported a 36% increase in quarterly
profit, beating expectations. The company’s profit rose to $7.6 billion, driven by growing
demand for semiconductors used in artificial intelligence applications. Revenue also
increased by 33% to $20.8 billion. Despite recent declines in electronics demand, TSMC’s
strong performance demonstrates the company’s resilience and leadership in the
chipmaking industry.
