AI-fueled surge lifts TSMC July revenue nearly 45%
TL;DR Summary
TSMC posted July revenue of 467.58 billion NTD ($14.5B), up 44.7% year-on-year, driven by strong AI-related chip demand from Nvidia and Google. The company reaffirmed a roughly 40% 2026 revenue growth target and raised capex guidance to $60–64 billion, with high-performance computing AI sales comprising a significant share of Q2 revenue. While monthly results can swing, the AI demand backdrop remains robust and supportive for chipmakers and tech equities.
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