TSMC second-quarter profit beats expectations as AI chip boom continues
TSMC(TSM) CNBC·2024-07-18 13:54
Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge.Here are TSMC's second-quarter results versus LSEG consensus estimates:Revenue: 673.51 billion New Taiwan dollars (657.58 billion expectedNet income: NT238.8 billion expectedTSMC reported net revenue rose 40.1% from a year ago to NT$673.51 billion, while net income increased 36 ...