TSMC Q2 Profit Exceeds Estimates Amid AI Boom

TSMC reported a 23% jump in its second-quarter profit, surpassing analyst estimates, driven by the booming demand for high-end chips for artificial intelligence. The company also announced increased spending to capitalize on the continued AI growth.

16 Jul, 05:40 — 16 Jul, 05:40

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cnbcMostly Factual13d ago

TSMC second-quarter profit jumps 23%, beating estimates, on high-end chip boom

TSMC announced a second-quarter profit, following its June revenue figures released earlier this week.

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First report: cnbc · 16 Jul, 05:40|Full coverage: 2 · 9h|Window: 9h

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cnbc16 Jul, 05:40First to report

TSMC second-quarter profit jumps 23%, beating estimates, on high-end chip boom

9h later

Yahoo16 Jul, 14:52Latest update

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TSMC Q2 Profit Exceeds Estimates Amid AI Boom

Sources

TSMC second-quarter profit jumps 23%, beating estimates, on high-end chip boom

Coverage Timeline

TSMC second-quarter profit jumps 23%, beating estimates, on high-end chip boom

TSMC Q2 profit beats estimates, ups spending as AI boom continues

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