Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported sharply higher results for the April–June quarter, citing robust demand for chips used in artificial‑intelligence applications, according to CNBC.
TSMC’s net profit for the quarter rose 77.4% year‑over‑year to NT$706.56 billion, topping the analyst consensus of NT$632.64 billion. With this result the company recorded its fifth consecutive quarter of record‑high profits.
Revenue grew 36% year‑on‑year, from NT$933.79 billion to NT$1.27 trillion. The company said particularly strong sales in June helped support the quarter’s revenue increase.
Advanced process technologies were a dominant contributor to wafer revenue: 7‑nanometer and smaller nodes accounted for 77% of wafer sales, reflecting a shift in TSMC’s mix toward higher‑end chips with greater added value.
On the day the results were released, TSMC shares rose a further 1.23%; the stock has gained more than 58% so far this year. TSMC is a primary beneficiary of the strong AI‑chip market as it manufactures these components for global technology companies including Nvidia, Apple and Broadcom.
The quarterly figures and the company’s positioning in advanced nodes indicate that manufacturers focused on cutting‑edge processes are capturing much of the upside from the ongoing AI investment cycle — producing several consecutive quarters of record revenue and profit for TSMC.
This article is not investment advice or a recommendation.
