Reported about 19 hours ago
Taiwan Semiconductor Manufacturing Company (TSMC) has raised its revenue guidance for the third quarter to between $31.8 billion and $33 billion, reflecting a projected 38% year-over-year growth, driven by heightened demand for artificial intelligence. The company also upgraded its full-year revenue forecast to a 30% increase, up from the previous estimate of 20%. This optimistic outlook follows a strong second quarter, where TSMC reported NT$933.80 billion in net revenue, a 38.65% rise compared to the previous year.
Source: YAHOO