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TSMC posts record revenue in second quarter on AI demand

TSMC reports record second-quarter revenue driven by a surge in AI spending and a 36% year-over-year increase.

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The brief

TSMC, the world's largest contract chipmaker, has posted record revenue for the second quarter. This growth includes a 36% jump from the previous year, exceeding market expectations.

June revenue specifically saw a 68% surge. Coverage from Reuters, Bloomberg, and Yahoo Finance emphasizes that these results serve as a sign of continued AI spending momentum.

CNBC highlights the company's scale as the global leader in contract chipmaking. Market attention now turns to July 16, with Barchart.com noting that the stock is approaching fair value ahead of that date.

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Quick answers

How much did TSMC's Q2 revenue grow compared to last year?

Revenue jumped 36% from a year earlier.

What drove the record revenue in the second quarter?

According to coverage, the record revenue was driven by AI demand.

What was the revenue growth specifically for June?

CNBC reports a 68% surge in June revenue.

Coverage (7)

People, places & organizations

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Topics

TSMC AI Semiconductors Quarterly Revenue

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