Open in App
  • Local
  • U.S.
  • Election
  • Politics
  • Crime
  • Sports
  • Lifestyle
  • Education
  • Real Estate
  • Newsletter
  • Reuters

    TSMC Q2 profit rises 36%, better than forecast

    By Reuters,

    4 hours ago
    https://img.particlenews.com/image.php?url=42zPDL_0uV7bzA600

    TAIPEI (Reuters) - Taiwanese chipmaker TSMC posted a 36% rise in second-quarter net profit on Thursday that beat market expectations as it rides a surge in demand for semiconductors used in artificial intelligence applications.

    Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple and Nvidia supplier, saw April-June net profit rise to T$247.8 billion from T$181.8 billion a year earlier.

    The profit beat a T$238.8 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.

    (Reporting by Yimou Lee and Faith Hung; Writing by Ben Blanchard; Editing by Muralikumar Anantharaman)

    Expand All
    Comments / 0
    Add a Comment
    YOU MAY ALSO LIKE
    Most Popular newsMost Popular

    Comments / 0