Lates News

Taiwan Semiconductor Manufacturing Company (TSMC), the world's largest semiconductor foundry, announced on Thursday that its net profit for the second quarter increased by 77% year-on-year due to the surge in global demand for artificial intelligence processors, setting a new record and surpassing market expectations. TSMC's clients include NVIDIA and Apple. The company reported a net profit of 706.6 billion New Taiwan dollars (approximately 21.99 billion US dollars) for the months of April to June, significantly higher than market expectations of 632.6 billion New Taiwan dollars according to the LSEG SmartEstimate survey. The company's second quarter revenue was 1.2703.81 trillion New Taiwan dollars, representing a 36% year-on-year increase.