TSMC reported a 60.7% rise in net profit for Q2, reaching NT$398.3 billion ($13.5 billion), driven by strong demand for AI technology. Revenue increased by 39% compared to the previous year, surpassing expectations. The chairman noted that the demand for chips essential for generative AI remains robust. Nvidia's announcement to resume sales of its AI chips to China was positively acknowledged, emphasizing potential benefits for TSMC. Despite concerns about tariffs and pricing impacts, TSMC maintains a positive outlook for its business.
Taiwan Semiconductor Manufacturing Company reported a 60.7% increase in net profit for the second quarter, reaching NT$398.3 billion ($13.5 billion), surpassing analyst expectations.
Second-quarter revenue rose by 39% year-on-year, indicating sustained demand for chips essential for generative AI technology.
Nvidia will resume sales of its H20 AI chips to China after the U.S. lifted licensing restrictions, which is seen as positive news for TSMC.
TSMC's chairman CC Wei mentioned that despite potential challenges from tariffs and their impact on pricing, the company's business outlook remains positive.
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