TSMC's Q2 Earnings, Revenue Beat Amid AI Chip Boom
TSMTSMC(TSM) Investopedia·2024-07-19 00:01

Key TakeawaysTaiwan Semiconductor Manufacturing Company reported second-quarter results that beat analysts' estimates amid surging demand for artificial intelligence chips.Sales rose 40% year-over-year, while profits rose 36%, with the company projecting continued growth for the third quarter.TSMC shares gained in early trading Thursday before turning lower, extending Wednesday's losses on worries about how stricter trade restrictions and geopolitical tensions could affect the semiconductor industry. Taiwan ...