Taiwan Semiconductor Manufacturing (TSMC) reported US$12.8 billion in profit on US$30.1 billion in net revenue between April and June 2025, up 60.7 per cent and 38.6 per cent year over year, respectively. Both figures were higher than analysts’ consensus expectations, as compiled by Visible Alpha. (The Logic)
Talking point: CEO C.C. Wei credited the sales growth to “continued robust” demand for the AI and high-performance computing chips and hardware that the firm makes. The company also sees opportunity as countries try to build their own sovereign AI infrastructure; Canada, the U.K. and Japan are among the major economies that have committed billions of dollars for new compute capacity. Wei touted progress at TSMC’s U.S. manufacturing hub in Arizona, which has previously faced delays. The firm’s first fabrication facility there came online at the end of last year, and it’s finished building a second, he said. TSMC’s stock rose as much as 4.3 per cent in Thursday trading on the New York Stock Exchange