Taiwan Semiconductor’s Q2 Revenue Rose 32% On Strong A.I. Demand

Taiwan Semiconductor Manufacturing Co. (TSM) has reported that its revenue rose 32% year-over-year in the second quarter due to strong demand for artificial intelligence (A.I.) microchips.

Taiwan Semiconductor is the world’s largest manufacturer of microchips and semiconductors and the company’s clients include Nvidia (NVDA) and Apple (AAPL), among others.

In addition to its quarterly financial results, the company provides monthly revenue data.

The latest information shows that TSMC, as the company is popularly known, saw its revenue rise 33% year-over-year in June to $207.87 billion Taiwan dollars ($6.37 billion U.S.).

The June data also revealed that, in the second quarter that runs from April through June, TSMC recorded $673.51 billion Taiwan dollars ($20.67 billion U.S.) of revenue.

That represents Q2 year-over-year growth of 32% compared with $15.68 billion U.S. a year earlier.

On its last quarterly earnings call in April, TSMC executives forecast second quarter revenue in a range of $19.60 billion U.S. to $20.40 billion U.S.

The company is scheduled to report its second-quarter financial results on July 18.

TSMC is Asia’s most valuable publicly traded company with a current market capitalization of $820 billion U.S.

The stock of TSMC has risen 85% over the last 12 months and currently trades at $184.52 U.S. per share, near its all-time high.

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