Analysts expect TSMC’s profit to rise 30% year-on-year to $7.25 billion in the second quarter due to surging demand for AI chips. TSMC has customers include Apple and NVIDIA and is spending billions of dollars to build new factories overseas.
Taiwan Semiconductor Manufacturing Company is expected to report a 30% increase in second-quarter profits to $7.25 billion, driven by heightened demand for its advanced semiconductors used in AI applications, with its ADRs recently surpassing a trillion-dollar valuation.
