Chip manufacturing giant Taiwan Semiconductor Manufacturing Company Limited (TSM), or TSMC, is set to report its second-quarter results on July 16 before the market opens. The company has become vital for major technology companies, as AI buildouts take center stage.
Ahead of the results, the company has reportedly asked its customers to prepare for price increases. According to a report by Culpium, this is expected to affect the majority of its wafer revenue (nearly three-quarters). The exact magnitude of the price increases is not known. However, this could fall within the 5%-10% range.