Taiwan Semiconductor Manufacturing Co reports 36% revenue growth in Q2, driven by AI chip demand, while China’s Moonshot AI advances in benchmark tests.
Taiwan Semiconductor Manufacturing Co (TSM) posted a 36% year-over-year revenue increase in Q2, with net income rising 77.4%. The company attributed the growth to strong demand for AI chips from major tech firms like Apple (AAPL) and Nvidia (NVDA). Annual revenue climbed from $75.99 billion in 2022 to $122.56 billion in 2025, reflecting the AI-driven semiconductor boom.
TSMC’s CFO Wendell Huang expects demand to remain robust into the current quarter. Meanwhile, China’s Moonshot AI unveiled its Kimi K3 model, which outperforms leading models like Anthropic’s Fable 5 and OpenAI’s GPT-5.6 Sol in certain benchmarks, signaling rapid progress in China’s AI sector.