Taiwan Semiconductor Manufacturing Company said red-hot AI demand is boosting growth and causing capacity bottlenecks well beyond next year, raising hopes of a prolonged AI boom even as the industry is hit by fears about new export controls.
The world’s largest chipmaker on Thursday raised its full-year forecast to slightly over 25 per cent revenue growth in US dollar terms from its previous guidance of 20-25 per cent.
TSMC reported a 36 per cent jump in net profit to NT$247.8bn (US$7.6bn) and a 40 per cent increase in revenue to NT$673.5bn for the second quarter compared with the same period last year, outperforming the guidance it gave three months ago.
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