Booming AI demand helped Taiwan Semiconductor Manufacturing Company to its highest quarterly net profit, but the world’s largest chip manufacturer gave a more cautious outlook, citing risks from US tariffs and foreign exchange volatility.
TSMC reported NT$398.3bn (US$13.5bn) in net earnings on Thursday for the second quarter, a 60.7 per cent jump year-on-year, along with a 39 per cent jump in revenues to NT$933.8bn. Chief executive CC Wei attributed the record results to “continued robust demand” for AI and high-performance computing applications.
The company said it expected revenues to increase by another 38 per cent year-on-year in the current quarter and raised its growth forecast for the full year to 30 per cent. But that outlook implies a revenue contraction in the final quarter of 2025.