TSMC forecasts 30% revenue growth in 2025, driven by high demand for AI and computing chips.

TSMC has raised its 2025 revenue growth forecast to 30%, up from mid-20%, due to strong demand for AI and high-performance computing chips. The company reported a 61% jump in net income for the quarter to June, with revenue reaching nearly $31 billion. Gartner predicts worldwide IT spending will grow by 7.9% to $5.43 trillion in 2025, driven by investments in AI-related infrastructure like data centers. Despite uncertainties, tech giants are expected to continue investing in AI development.