Skip to content

Taiwan Semiconductor’s Q2 Revenue Rose 32% On Strong A.I. Demand

Taiwan Semiconductor’s Q2 Revenue Rose 32% On Strong A.I. Demand
Taiwan Semiconductor Manufacturing Co. (TSM) has reported that its revenue rose 32% year-over-year in the second quarter due to strong demand for artificial intelligence (A.I.) microchips. Taiwan Semiconductor is the world’s largest manufacturer ...

Table of Contents

Taiwan Semiconductor Manufacturing Co. (TSM) has announced a significant increase in revenue for the second quarter, driven by strong demand for A.I. microchips. The company, which is the world's largest manufacturer of microchips and semiconductors, saw a 32% year-over-year growth in revenue, reaching $20.67 billion U.S. dollars. TSMC's clients include tech giants like Nvidia and Apple. The company is set to report its second-quarter financial results on July 18, with executives previously forecasting revenue in the range of $19.60 billion U.S. to $20.40 billion U.S. TSMC's stock has risen 85% over the last 12 months and currently trades near its all-time high at $184.52 U.S. dollars per share, making it Asia's most valuable publicly traded company with a market capitalization of $820 billion U.S.

Source

Latest