The TSMC continues to grow due to demand for artificial intelligence and the restoration of the smartphone market.
The Taiwanese TSMC reported on a sales growth in July 26% in annual terms, Bloomberg reports. The company gained 323.2 billion Taiwann dollars (about $ 10.8 billion), which corresponds to analysts’ expectations for TSMC revenue in the third quarter of 25%.
Despite strengthening the Taiwanese dollar, TSMC shows rapid growth: from January to July this year, sales have increased by 38% compared to the same period of 2024. The company is actively working to overcome the gap between volumes of supplies and high demand, especially from part of the giants like Nvidia and AMD.
TSMC shares exchanged with Taibe Exchange in Taibe were updated on Thursday after the Trump administration announced new duties to chips, where TSMC would be excluded thanks to investment in the United States.
In addition to dominance in the field of artificial intelligence, the company continues to provide chips for smartphones – and this industry, according to Sony, is gradually restored. Apple has recently reported recently to the highest quarterly income growth over the past three years, including due to active demand in China.
The company expects a further increase in sales in the current quarter on average or highly unambiguous levels in annual terms.
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Source: korrespondent
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