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TSMC second-quarter revenue jumps on AI boost, handily beats market forecasts

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Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has benefited from the surge towards AI.

Revenue in the April-June period of this year came in at T$673.51 billion , according to Reuters calculations.

Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has benefited from the surge towards AI that has helped it weather the tapering off of pandemic-led demand and pushed TSMC's share price to a record high. On its most recent earnings call in April, Taiwan Semiconductor Manufacturing Co forecast second quarter revenue in a range of between $19.6 billion to $20.4 billion.TSMC, Asia's most valuable publicly listed company with a market capitalization of $830 billion, did not provide any details or forward guidance in its brief revenue statement.

 

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