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TSMC Posts Record June and Q2 Revenue on AI Demand

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TSMC reported record revenue for both the month of June and for the second quarter, driven by robust AI chip demand. June revenue rose nearly 70% year over year, while Q2 sales increased 36% to about US$40 billion. Investors are now focused on the company's upcoming earnings call later this week.

TSMC Posts Record Revenue Driven by AI Chip Demand

 

REPORTER:

TSMC has set new records for revenue in June and in the second quarter, as strong demand for AI chips continued to drive growth.

 

The chipmaker’s June revenue jumped nearly 70% from last year, while second-quarter sales rose 36% to around $40 billion US dollars, according to Reuters calculations. Investors are now looking ahead to Thursday’s second-quarter earnings call, when TSMC will update its outlook for the rest of the year.