Taiwan Semiconductor Manufacturing Co (TSMC) reported a 77% year-on-year surge in profit for the second quarter, setting a new record for the world’s largest chip foundry.
The result highlights the continued intensity of demand for artificial intelligence processors, which drove the unexpected strength in earnings.
4% year-on-year jump in net profit reported earlier in the year.
Net profit for the period reached approximately €19.15 billion, marking a significant acceleration from the previous year’s figures.
This performance extends a streak of robust results, following a 23.4% year-on-year jump in net profit reported earlier in the year.
The market reaction reflected confidence in the sustainability of AI-driven capex.
TSMC shares traded higher in the session, with investors digesting the implications for the broader semiconductor supply chain.
The strong financials reinforce the narrative that hyperscalers and tech giants are maintaining aggressive spending levels on advanced nodes and custom silicon.