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The Economic Times
The Economic Times

TSMC posts 77% profit jump for Q2, surging past market expectations

TSMC Co Taiwan Semiconductor Taiwan Semiconductor Manufacturing Co Nvidia Semiconductor

TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 77% jump in second-quarter profit to a record that was far ahead of market forecasts.

Benefiting from surging demand for advanced chips used in artificial ‌intelligence applications, Taiwan ⁠Semiconductor ⁠Manufacturing Co said net profit for April to June climbed to T$706.6 billion ($21.99 billion), its ninth straight quarter of double-digit percentage growth.

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