Taiwan Semiconductor Q2 Earnings: FY25 Guidance Raised on Strong AI Demand

Taiwan Semiconductor reported earnings last week, providing the first glimpse into the AI semiconductor industry in the second quarter. Riding strong AI chip demand, TSMC boosted its full year revenue growth guidance, yet there are still some lingering doubts about the chipmaker’s growth in Q4. HPC revenue continues to accelerate, reaching a record at $18 billion in Q2. Net profit reached a record in Q2 as margins outperformed. With that said, TSMC signaled significant margin pressures in Q3 from FX and ramping overseas fabs.

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