TSMC shares climb as Q2 sales beat expectations amid AI boom
Shares in Taiwan Semiconductor Manufacturing rose Wednesday after the world’s largest chipmaker saw its second-quarter sales grow as the AI boom continues, driving global investment in data centers.) most advanced chips, reported June revenue of NT$207.9 billion. This contributed to a 40% growth in the June quarter, reaching NT$673.5 billion, exceeding the average projection of a 35.5% increase.Orders for AI chips have helped offset weak smartphone sales, which are beginning to recover.
TSMC and other AI-related stocks in Taiwan have driven the Taiex Index up by more than 40% over the past year, even amid ongoing US-China geopolitical tensions surrounding the island.Scan QR code to install app Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
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