TSMC Raises Revenue Forecast Amid Surging AI Chip Demand

TSMC rides AI demand to raise revenue forecast, says no to US joint venture

Taiwan's TSMC, the world's largest contract chipmaker, raised its full-year revenue forecast on Thursday given surging demand for chips used in artificial intelligence, and rejected the idea of a joint venture factory in the United States. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major

TSMC smashed second quarter expectations due to AI chip demand

Taiwan Semiconductor Manufacturing Company topped analysts' expectations for the second quarter, reporting revenue of $20.82 billion for fiscal year 2024 -- up 40% from a year ago. The Taiwanese chipmaker reported NT$247.85 billion in profits this quarter, or $7.6 billion, a 36% rise from the year

TSMC Raises Outlook as Profit Beats Estimates on Surging Chip Demand -- 2nd Update

Taiwan Semiconductor Manufacturing Co. raised its sales outlook after better-than-expected quarterly profit, as demand for its advanced chips continued to surge amid enthusiasm over artificial intelligence. The world's largest contract chip maker said Thursday that its second-quarter net profit

TSMC Beats Profit Estimates on Surging Chip Demand -- Update

Taiwan Semiconductor Manufacturing Co. reported a 36% rise in second-quarter profit as it continued to witness surging demand for its advanced chips, with enthusiasm over artificial intelligence sending the chip maker's shares to record highs recently. The world's largest contract chip maker said

TSMC second-quarter profit beats expectations as AI chip boom continues

TSMC offices in San Jose, California, US, on Thursday, April 18, 2024.David Paul Morris | Bloomberg | Getty Images Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to

TSMC Q2 profit beats expectations on robust AI demand By Investing.com

Investing.com-- Taiwan Semiconductor Manufacturing Co, or TSMC (TW:2330), clocked a stronger-than-expected profit in the second quarter, as it continued to see stellar demand for semiconductors from the artificial intelligence industry. The world's largest contract chipmaker posted a net profit of

TSMC tops quarterly expectations with 40%+ revenue growth - SiliconANGLE

Strong demand for artificial intelligence chips helped Taiwan Semiconductor Manufacturing Co. grow its revenue by 40.1% year-over-year in the second quarter. The company today reported sales of 673.51 billion New Taiwan dollars, or $20.82 billion, for the three months ended June 30. That's up from

TSMC second-quarter net profit jumps on Gen AI demand

AFP - Chip giant Taiwan Semiconductor Manufacturing Company (TSMC) said yesterday net profit jumped by more than a third in the second quarter of 2024, buoyed by global demand for generative artificial intelligence products. TSMC - whose clients include Apple and Nvidia - controls more than half

Apple, Nvidia Supplier TSMC Reports Strong Q2 Results Amid Booming Demand For AI Chips, Guides Q3 Above Consensus: 2024 To Be 'Strong Growth Year,' Says CEO

North American-based customers contributed 65% of the total revenue, while China accounted for 16%. Taiwan Semiconductor Manufacturing Company Ltd. TSMC reported strong revenue and earnings growth for the second quarter, which came in above estimates, buoyed by robust demand for AI chips used in

TSMC Posts Stronger Second-Quarter Profit on Chip Demand

Taiwan Semiconductor Manufacturing Co.'s second-quarter net profit jumped on surging demand for advanced chips amid the global artificial-intelligence boom. The world's largest contract chip maker said Thursday that net profit rose 36% from a year earlier to 247.85 billion New Taiwan dollars

TSMC's Q2 Earnings, Revenue Beat Amid AI Chip Boom

TSMC shares gained in early trading Thursday before turning lower, extending Wednesday's losses on worries about how stricter trade restrictions and geopolitical tensions could affect the semiconductor industry. Taiwan Semiconductor Manufacturing Company (TSM) posted second-quarter results that

TSMC quarterly profit soars 36%, beating expectations - ET Telecom

TAIPEI: TSMC posted a 36% jump in second-quarter net profit on Thursday that beat market expectations as the Taiwanese chipmaker rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract

TSM's stock rises as AI demand boosts outlook; No change in strategy amid Trump's comment

Taiwan Semiconductor Manufacturing's (NYSE:TSM) stock rose about 2% on Thursday after second quarter results beat estimates and third quarter revenue outlook was seen above estimates, amid a surge in demand for chips used for AI products. TSM CEO C. C. Wei said that so far the company has not

TSMC shares rise for Apple and Nvidia supplier thanks to AI boom

Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major Apple Inc and Nvidia supplier, has benefited from the global AI boom that has helped it weather the tapering off of pandemic-led electronics demand. The bellwether for the chip industry earlier on Thursday posted net profit that beat market

TSMC Gains on Q2 Earnings, Revenue Beat Amid AI Chip Boom

TSMC shares gained Thursday morning following the release, a day after TSMC and other semiconductor stocks tumbled on worries about how stricter trade restrictions and geopolitical tensions could affect the semiconductor industry. Taiwan Semiconductor Manufacturing Company (TSM) American

TSMC quarterly profit soars 36%, beating expectations

TAIPEI (Reuters) -TSMC posted a 36% jump in second-quarter net profit on Thursday that beat market expectations as the Taiwanese chipmaker rides a wave of demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest

TSMC profit rises 36pc but stocks down after Trump comments

This comes after the Taiwanese chipmaker entered the trillion-dollar club last week, thanks to soaring shares as a result of skyrocketing demand for AI chips. Taiwan Semiconductor Manufacturing Company (TSMC) has seen its net profit grow by 36.3pc in its latest quarterly earnings over the same

TSMC Q2 profit rises 36%, better than forecast

TAIPEI, July 18 (Reuters) - Taiwanese chipmaker TSMC posted a 36% rise in second-quarter net profit on Thursday that beat market expectations as it rides a surge in demand for semiconductors used in artificial intelligence applications. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's

TSMCs Q2'24 Results: Best Quarter Ever as HPC Revenue Share Exceeds 52% on AI Demand

Taiwan Semiconductor Manufacturing Co. this week said its revenue for the second quarter 2024 reached $20.82 billion, making it the company's best quarter (at least in dollars) to date. TSMC's high-performance computing (HPC) platform revenue share exceeded 52% for the first time in many years due