TAIPEI (Reuters) -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 […]
Science
TSMC second-quarter sales rise 38.6% y/y, beat forecasts
Audio By Carbonatix
TAIPEI (Reuters) -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.
The latest result topped an LSEG SmartEstimate of T$927.831 billion drawn from 21 analysts, and was also better than the guidance of $28.4 billion to $29.2 billion issued by TSMC in April.
TSMC will report full second-quarter earnings on July 17, including an outlook for the current quarter and full year.
The company, whose customers include Nvidia, has been a major beneficiary of advances in AI.
(Reporting by Faith Hung and Wen-Yee Lee; Editing by Kim Coghill and Jamie Freed)