TSMC Q2 sales jump 39% on robust AI-driven chip demand

Investing.com-- Taiwan Semiconductor Manufacturing Co (TSMC) (TW:2330) on Thursday posted a 39% jump in second-quarter sales, surpassing market expectations amid strong global demand for AI chips.

According to the company’s monthly sales, the total figure for the April-June period came in at NT$933.8 billion ($31.9 billion), exceeding LSEG estimates of NTT$927.83 billion.

It also topped TSMC’s prior guidance range of $28.4 billion to $29.2 billion issued in April.

The strong revenue performance underscores robust global appetite for advanced chips, particularly those tailored for artificial intelligence workloads.

TSMC, the world’s largest contract chipmaker, counts key clients such as NVIDIA Corporation (NASDAQ: NVDA) and Apple Inc (NASDAQ: AAPL) among its customer base.

Earlier this week, Nvidia became the first company in history to hit a $4 trillion valuation.

The company said it will release full quarterly earnings, including net profit and forward guidance, on July 17.

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