TAIPEI — The world’s largest contract semiconductor manufacturer announced Monday that its revenue for the second quarter reached 1.27 trillion Taiwan dollars, equivalent to approximately $39.63 billion, outpacing analyst forecasts and climbing 36% compared to the same period last year.
The surge was driven largely by rapidly growing demand for artificial intelligence applications, which has pushed chipmakers into the spotlight as tech companies race to build out AI capabilities.
A consensus estimate compiled by LSEG SmartEstimate, based on projections from 20 analysts, had forecast quarterly revenue of 1.264 trillion Taiwan dollars for the April-through-June period — a figure that Taiwan Semiconductor Manufacturing Co., known as TSMC, comfortably exceeded.
The company serves as a critical manufacturing partner for some of the biggest names in the technology industry, including Nvidia and Apple.
(Exchange rate reference: $1 = 32.0490 Taiwan dollars)
