TSMC posts record revenue in second quarter on AI demand

Short summary

TSMC posted record Q2 revenue, rising 36% year-over-year on surging demand for AI applications. The company had previously guided for revenue between $39 billion and $40.2 billion. TSMC is a major supplier to Nvidia and Apple, making its results a bellwether for the AI hardware sector.

• •TSMC Q2 revenue rose 36% YoY to a record high
• •Driven by surging demand for AI applications
• •TSMC is a key supplier to Nvidia and Apple

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