Second-quarter revenue is projected to come in above $9.5 billion, while earnings will jump to $4.74 a share, according to analysts surveyed by FactSet. Read More...
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 contract chipmaker and a major Apple Inc and Nvidia supplier, has benefited from a surge towards adoption of AI that has helped it weather the tapering off of pandemic-led electronics demand. TSMC, Asia’s most valuable publicly listed company, said second-quarter revenue rose 33% year-on-year to $20.8 billion, better than the company’s previous forecast of $19.6 billion to $20.4 billion.
Reuters•
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