TSMC posts record revenue in second quarter on AI demand - Reuters
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- TSMC posted record revenue in the second quarter, driven by AI demand, according to Reuters.
- TSMC, the world's largest contract chipmaker, reported a 68% surge in June revenue (CNBC) and a 36% sales jump described by Bloomberg as a fresh sign of AI spending momentum.
Why it matters: TSMC's record quarterly revenue, combined with a 68% June surge and 36% sales growth, confirms that AI-related chip demand is translating into hard top-line gains for the dominant foundry, with one analyst framing the stock as approaching fair value ahead of the July 16 reporting milestone.
