TSMC Q2 profit jumps 77% to record, far surpasses expectations

NVIDIA Corporation
Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR

NVIDIA Corporation

NVDA

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Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR

TSM

0.00

- TSMC, the world's largest contract chipmaker, posted a 77% jump in second-quarter net profit on Thursday, beating market forecasts and hitting a record, riding the wave of surging global demand for its artificial intelligence processors.

Taiwan Semiconductor Manufacturing Co 2330.TWTSM.N, whose customers include Nvidia NVDA.O and Apple AAPL.O, saw April-June net profit rise to T$706.6 billion ($21.99 billion).

The profit handily beat a T$632.6 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.



($1 = 32.1340 Taiwan dollars)