TSMC second-quarter sales rise 38.6% y/y, beat forecasts


A logo of chip giant TSMC. REUTERS/Ann Wang/File Photo/File Photo

TAIPEI: TSMC, the world's largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company's products leaps on surging interest in artificial intelligence applications.

Revenue for April-June came in at T$933.8 billion ($31.9 billion), according to Reuters calculations, rising 38.6% from T$673.51 billion in the year ago period.

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TSMC , AI , chips , semiconductor

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