International Companies

TSMC lifts outlook as Q2 profits surge on continued AI chip boom

By Benjamin Chiou

Date: Thursday 16 Jul 2026

(Sharecast News) - Second-quarter results from semiconductor giant TSMC on Thursday reflected a continued boom in demand for AI infrastructure, with profits rising by nearly 80% year-on-year, as the company raised its outlook for the year.
The company, officially known as Taiwan Semiconductor Manufacturing Company, reported dollar revenues of $40.2bn for...

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