TSMC Second Quarter Net Profit Surges 61% on Soaring AI Demand

Bloomberg Reports
Nvidia-Driven Semiconductor Demand Remains Strong

Waijia TSMC Chief Executive Officer (CEO) (left). Photo by Reuters Yonhap News

TSMC, the world's largest foundry (semiconductor contract manufacturing) company, reported that its net profit for the second quarter of this year increased by more than 60% compared to last year.

According to TSMC on July 17, its net profit for the second quarter reached 398.3 billion Taiwan dollars, up 60.7% from the previous year. This figure exceeds market expectations, which were estimated at 377.8 billion Taiwan dollars.

With this, TSMC has maintained a net profit growth rate in the 60% range year-on-year for both the first and second quarters.

According to Bloomberg News, this strong performance demonstrates that demand for high-performance artificial intelligence (AI) semiconductors from companies such as Nvidia and AMD continues to outpace supply capacity.

Chief Executive Officer C.C. Wei stated at the annual shareholders' meeting in June that "AI-related orders remain strong," and projected that sales in 2025 would grow in the mid-20% range in US dollar terms.

Meanwhile, TSMC plans to invest an additional 100 billion dollars in Arizona, United States, to expand production capacity, and is also proceeding with the expansion of its plants in Japan, Germany, and Taiwan.

This content was produced with the assistance of AI translation services.