TSMC, the world’s largest manufacturer of advanced AI chips, is expected to report a record profit for the second quarter, driven by booming global demand for AI infrastructure.
Record Earnings Expected
Analysts predict a 59% surge in net profit for the April-June quarter, with a expected net profit of $19.65 billion. This would mark the company’s fifth consecutive quarter of record earnings.
TSMC is a key supplier to major tech companies such as Nvidia and Apple, and its market capitalization is now nearly double that of its rival Samsung Electronics.
The company is investing $165 billion to build chip factories in the U.S. state of Arizona, and its Taipei-listed shares have gained 57.4% so far this year.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.