TSMC's second-quarter results showcased a record net income of NT$706.56 billion, surpassing the expected NT$632.64 billion, and a revenue of NT$1.27 trillion, exceeding the forecast of NT$1.264 trillion. This performance marks the fifth consecutive quarter of record profits for the company, with a 23.4% increase from the previous quarter and a 36% rise year-over-year.
Notably, 77% of TSMC's total wafer revenue came from advanced technologies, specifically chips with a 7-nanometer process or smaller. The company's shares have risen over 58% this year, reflecting strong market confidence, particularly due to robust demand for AI chips from major clients like Nvidia, Apple, and Broadcom.
This growth not only highlights TSMC's dominant position in the semiconductor industry but also underscores the increasing importance of AI technology in driving demand for high-performance chips