From CNBC, July 17:
- TSMC’s net revenue in the June quarter rose 38.65% from a year ago to NT$933.80 billion, beating estimates.
- The world’s largest contract chip manufacturer has benefited from the megatrend towards AI as it gains from producing advanced processors for clients including Nvidia and Apple.
Taiwan Semiconductor Manufacturing Company on Thursday reported a near 61% year-on-year rise in second-quarter profit, hitting a record high and beating estimates, as demand for artificial intelligence chips stayed strong.
The world’s largest contract chip manufacturer forecast third-quarter revenue between $31.8 billion and $33.0 billion — a 38% year-over-year increase and 8% higher from the prior quarter at the midpoint.
TSMC CEO C.C. Wei said in the earnings call that the company expects its full-year 2025 revenue to rise by around 30% in U.S. dollar terms, supported by growth in artificial intelligence and demand for its most advanced technologies.
Here are the company’s results versus LSEG SmartEstimates:
- Revenue: 933.80 billion new Taiwan dollars ($31.7 billion), vs. NT$931.24 billion expected
- Net income: NT$398.27 billion, vs. NT$377.86 billion
TSMC’s net revenue in the June quarter rose 38.65% from a year ago to NT$933.80 billion, also beating estimates.
The company’s shares were up over 4% at 4:30 a.m. ET on trading platform Robinhood....
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