"TSMC Exceeds Q2 Profit Expectations with 40.1% Revenue Boost, Thanks to Booming AI Chip Demand; Projects Higher Q3 Revenue Amid Persistent Supply Constraints"

TSMC second-quarter profit beats expectations as AI chip boom continues

TSMC offices in San Jose, California, US, on Thursday, April 18, 2024.David Paul Morris | Bloomberg | Getty ImagesTaiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge.Here are TSMC's second-quarter results versus LSEG consensus estimates:Revenue: 673.51 billion New Taiwan dollars ($20.82 billion), vs. NT$657.58 billion expectedNet income: NT$247.85 billion, vs. NT$...