Catenaa, Thursday, July 17, 2025- TSMC, the world’s largest contract chipmaker, posted a 60.7% jump in second-quarter net profit on Thursday as it benefited from surging demand for semiconductors used in AI applications.
Taiwan Semiconductor Manufacturing Company, whose customers include Apple and Nvidia, saw April-June net profit rise to $13.53 billion.
“Our business in the second quarter was supported by continued robust AI and HPC (High-Performance Computing)-related demand,” said Wendell Huang, Senior VP and Chief Financial Officer of TSMC.
“Moving into the third quarter of 2025, we expect our business to be supported by strong demand for our leading-edge process technologies,” he added.
For the third quarter, it expects revenue of $31.8-$33 billion, up from $23.5 billion in the same period earlier and $30 billion in the second quarter.
In addition to the potential impact of tariffs, TSMC said it would also be greatly affected by the strengthening of the Taiwan dollar, which has already appreciated about 12% so far this year.
The company will stick to its capital expenditure plan for the year of $38-$42 billion, and Huang said it was very unlikely such spending would suddenly drop going forward.
TSMC announced plans for a $100 billion US investment with Trump at the White House in March, on top of $65 billion pledged for three plants in the state of Arizona, one of which is up and running.
US-listed shares in TSMC rose 3.7% in premarket trading on Thursday, while Taiwan-listed shares in TSMC surged some 80% last year but have climbed just 5% for the year to date on worries about tariffs and unfavourable currency exchange rates.
