TSMC second-quarter profit beats expectations as AI chip boom continues
TSMTSMC(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 (20.82billion),vs.NT20.82 billion), vs. NT657.58 billion expectedNet income: NT247.85billion,vs.NT247.85 billion, vs. NT238.8 billion expectedTSMC reported net revenue rose 40.1% from a year ago to NT$673.51 billion, while net income increased 36 ...