TSMC's second-quarter profit soars nearly 61%, beating estimates as AI chip demand stays strong

Taiwan Semiconductor Manufacturing Company connected Thursday reported a adjacent 61% year-on-year emergence successful second-quarter profit, beating estimates, arsenic request for artificial quality chips stays strong. 

Here are TSMC's first-quarter results versus LSEG SmartEstimates:

• Revenue: 933.80 cardinal New Taiwan dollars ($31.7 billion), vs. NT$931.24 cardinal expected
• Net income: NT$398.27 billion, vs. NT$377.86 billion 

Second-quarter nett net deed a grounds high, according to Reuters.

TSMC's nett gross successful the June 4th roseate 38.65% from a twelvemonth agone to NT$933.80 billion, besides beating estimates.

TSMC, the world's largest declaration spot manufacturer, has benefited from the megatrend towards AI arsenic it gains from producing precocious processors for clients including Nvidia and Apple.

However, the institution faces imaginable headwinds from the commercialized argumentation of the U.S. President Donald Trump, who has threatened steep "reciprocal tariffs" connected Taiwan.

Taiwan faces 32% tariffs announced successful April and is successful the midst of commercialized talks with the U.S., according to local media reports. Trump earlier this period besides warned of imaginable additional tariffs connected semiconductors.

U.S. export controls person besides restricted TSMC's concern with China, arsenic good that of its cardinal clients specified arsenic Nvidia and AMD. However, amid a thawing of commercialized relations betwixt Beijing and Washington, Nvidia and AMD said earlier this week that they had received authorities assurances allowing them to vessel products to China.