TSMC reports 36% 2Q net profit increase due to high AI chip demand, with HPC now accounting for over half its revenue.
Taiwan Semiconductor Manufacturing Co. (TSMC) has reported a surge in demand for AI chips, leading to a 36% increase in its second-quarter net profit and a significant shift in its business priorities. The world's largest contract chipmaker, which supplies Apple and Nvidia, now generates more than half of its revenue from high-performance computing, the segment of its business powered by AI demand. This marks the first time that the HPC group has accounted for the majority of sales for TSMC. The company has revised its full-year revenue forecast upward due to the surge in demand for AI chips.
July 18, 2024
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