TSMC Reports 77% Net Profit Surge, Plans $100 Billion Investment in Arizona

Taiwanese chip manufacturer TSMC announced a 77.4% increase in net profit for the second quarter compared to the same period last year. The company's revenue reached $39.5 billion, a 36% rise year-over-year, surpassing analysts' average forecast of $39.2 billion. Net profit totaled $21.7 billion, exceeding the expected $19 billion. For the third quarter, TSMC projects revenues between $44.6 billion and $45.8 billion, with operating margins of 56% to 58%. The company highlighted that demand related to artificial intelligence remains very strong.

TSMC also revealed plans to invest an additional $100 billion in building factories in Arizona, bringing its total investment in the United States to $265 billion. As the leading chip supplier for major companies like Nvidia and Apple, TSMC's performance is seen as a key indicator of global demand for AI infrastructure chips used in data centers and smartphones.