TSMC outperforms backed by AI demand for chips

  • Taiwan Semiconductor Manufacturing Co (ADR) (NYSE:TSM), the world's largest contract chipmaker, reported second-quarter revenue of $31.9 billion, driven by strong demand linked to artificial intelligence applications. This represents a near 39% increase from $23.8 billion in the same quarter last year, beating both market expectations and the company's own guidance of $28.4 billion to $29.2 billion.