TSMC, the world’s largest chipmaker, has posted a massive 38.6% growth in Q2 sales compared to last year. The boom is fueled by strong demand for AI chips, smartphones, and cloud computing infrastructure.
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Revenue for the quarter reached nearly $20 billion, beating analyst expectations. This shows that global appetite for advanced semiconductors is still going strong.
AI is leading the charge. Companies building large language models, like OpenAI and Google, rely heavily on chips produced by TSMC. The same goes for GPU makers like Nvidia, who depend on TSMC’s advanced 5nm and 3nm nodes.
The smartphone market is also recovering. Orders from Apple and Qualcomm are picking up again, thanks to upcoming product launches and global 5G rollouts.
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TSMC says its capacity is near full utilization, especially for high-performance chips. The company is investing more in new fabs in Taiwan, the U.S., and Japan to meet future demand.
This TSMC Q2 sales growth comes at a time when many tech companies are cutting back. Layoffs and slower consumer spending have hit parts of the industry. But semiconductors remain a bright spot.
TSMC’s success is also a sign of shifting global tech power. The company plays a central role in the AI and mobile revolution—even without selling consumer products.
Still, challenges remain. The U.S.–China tech war, rising production costs, and talent shortages could impact future growth. But for now, TSMC is riding high.
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If demand holds steady, TSMC may have an even stronger second half of the year.
Chips are the new oil—and TSMC is the refinery.
