TAIPEI, July 13 (Reuters) – TSMC, the world’s largest contract chipmaker, reported on Monday second-quarter revenue that rose 36% from \u200ca year earlier to a record high on surging \u200cinterest in artificial intelligence applications. <\/p>\n
Revenue in the April-June period of this year came in \u200bat T$1.27 trillion ($39.62 billion), according to Reuters calculations, slightly above a T$1.264 trillion LSEG SmartEstimate drawn from 20 analysts. <\/p>\n
Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier to companies including Nvidia<\/a> and Apple<\/a>. <\/p>\n On its last earnings call in \u200cApril, the company predicted \u2060second-quarter revenue of between $39 billion and $40.2 billion. The company gives its forecast only in U.S. dollars and not \u2060Taiwan dollars. <\/p>\n For June alone, TSMC reported that revenue rose 67.9% year-on-year to T$442.68 billion, which was up 6.2% compared with the previous month. <\/p>\n The \u200bdata was \u200boriginally due last Friday, but \u200bit was delayed due to \u200cthe impending arrival of Typhoon Bavi, which shut financial markets in Taipei that day. <\/p>\n TSMC, Asia’s most valuable publicly listed company with a market capitalisation of $1.955 trillion, did not provide any details or forward guidance in its brief revenue statement. <\/p>\n It is scheduled to report second-quarter earnings on Thursday, \u200cwhen it will also update its \u200boutlook and plans for the current quarter \u200band the rest of \u200bthe year. <\/p>\n TSMC is expected to report a 58.8% on-year \u200crise in second-quarter net profit, according \u200bto an LSEG \u200bSmartEstimate. <\/p>\n TSMC’s Taipei-listed shares closed up 1% on Monday ahead of the release of the sales data. The broader market closed flat. <\/p>\n The company’s \u200bshares have risen 57% so \u200cfar this year, in line with the broader market. <\/p>\n ($1 = 32.0530 \u200bTaiwan dollars) <\/p>\n (Reporting by Wen-Yee Lee and Ben Blanchard; Editing \u200bby Thomas Derpinghaus and Jamie Freed) <\/p>\n","protected":false},"excerpt":{"rendered":"TAIPEI, July 13 (Reuters) – TSMC, the world’s largest contract chipmaker, reported on Monday second-quarter revenue that rose…\n","protected":false},"author":3,"featured_media":931744,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21],"tags":[691,738,1960,158,74751,67,132,68],"class_list":["post-931743","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-taiwan-semiconductor-manufacturing-co","tag-technology","tag-tsmc","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/116912161194854839","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/931743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=931743"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/931743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/931744"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=931743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=931743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=931743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}