Taiwan Semiconductor Manufacturing Co reports NT$467.58 billion July revenue, driven by strong high-performance computing sales.
Taiwan Semiconductor Manufacturing Co (TSMC) reported July revenue of NT$467.58 billion, equivalent to $14.5 billion, a 44.7% increase from a year earlier. The surge reflects robust demand for AI chips, which the company produces for major clients like Nvidia and Google.
In its last quarterly report, TSMC noted high-performance computing, including AI chip sales, accounted for 66% of revenue. Management guided 2026 revenue growth slightly above 40% in dollar terms and raised capital expenditure to between $60 billion and $64 billion. Chairman C.C. Wei described AI demand as extremely robust.
The PHLX Semiconductor Index, down 15% from its June high, has been under pressure amid concerns over AI capital expenditure. Despite the sell-off, the index remains up 72% year-to-date, reflecting broader sector strength.