Taiwanese semiconductor giant TSMC has again surprised the market by releasing its preliminary financial results for the second quarter. The company achieved revenues of 933.8 billion Taiwan dollars (US$31.9 billion), an increase of almost 39% year-on-year. This result exceeded both analysts’ forecasts and the company’s own earlier estimates.
Behind the impressive result are the growing demands of the artificial intelligence market. TSMC, as a key manufacturer of advanced chips for players such as Nvidia, is directly benefiting from the global race for computing power. The latest generations of chips, produced in the most advanced lithographies (N3, N4), are now making their way into AI-oriented data centres.
TSMC remains the undisputed leader in contract semiconductor manufacturing, with more than 50% market share and a technological lead over competitors such as Samsung Foundry and Intel Foundry Services. The record-breaking quarter indicates that the company is not only maintaining this lead, but consolidating it in the era of generative artificial intelligence.
Full financial results and forecasts for the rest of the year will be unveiled on 17 July. Given the continued demand for AI chips and increasing pressure on infrastructure manufacturers, the market is expecting another strong quarter. TSMC is already becoming an informal barometer of the health of the entire technology sector in the era of the computing turnaround.
