TSMC Q2 revenue jumps 36 percent from a year earlier, beating market expectations

TSMC, the world's largest contract chipmaker, reported on Monday second-quarter revenue of 1.27 trillion Taiwan dollars (US$39.63 billion), beating market expectations and rising 36 percent from a year earlier on surging interest in artificial intelligence applications.

An LSEG SmartEstimate, drawn from 20 analysts, had expected revenue in the April-to-June quarter of 1.264 trillion Taiwan dollars.

Taiwan Semiconductor Manufacturing Co 2330.TW, is a major supplier to companies including Nvidia and Apple.

Reuters

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