TSMC, the world’s largest contract chipmaker, reported a 36% increase in second-quarter revenue, beating market expectations. The company’s revenue for the April-to-June quarter was 1.27 trillion Taiwan dollars ($39.63 billion), surpassing the expected 1.264 trillion Taiwan dollars.
TSMC is a major supplier to companies including Nvidia and Apple, and the surge in revenue is attributed to the growing demand for artificial intelligence applications.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.