TSMC revenue climbs 39% in latest sign of AI spending boom
The chipmaker for Nvidia and Apple saw sales climb to US$32 billion for the three months, based on its reported monthly revenue
Taiwan Semiconductor Manufacturing Company’s revenue rose a better-than-anticipated 39 per cent in the June quarter, buoying expectations for a sustained post-ChatGPT boom in AI spending.
The chipmaker for Nvidia and Apple saw sales climb to NT$934 billion (US$32 billion) for the three months, based on its reported monthly revenue. That beat the average analyst projection for about NT$928 billion.
Investors have piled back into AI-linked companies, shaking off a funk that settled in after China’s DeepSeek cast doubt on whether the likes of Meta Platforms and Google needed to spend that much money on data centres.
TSMC Chief Executive Officer C.C. Wei reassured shareholders in June that AI chip demand still outstripped supply, and reaffirmed an outlook for 2025 sales to grow in the mid-20 per cent range in US dollar terms. His company has pledged to spend another US$100 billion ramping up manufacturing in Arizona, in addition to an expansion in Japan, Germany and back home.