(Bloomberg) – Taiwan Semiconductor Manufacturing Co. reported 26% growth in July, adding evidence to accelerate spending on artificial intelligence.
The go-to chip maker of AI Hardware Providers Nvidia Corp. and Advanced Micro Devices Inc. said on Friday that revenue totaled NT323.2 billion ($10.8 billion). That growth coincides with analysts' expectations that the company's third quarter revenues rose 25%.
Even the stronger Taiwanese dollar headwinds have seen TSMC work to close the gap between supply and demand upwards this year, up 38% from its January-July performance.
TSMC's Taipei-earned shares reached record levels on Thursday following a Trump administration's announcement on a chip that exempts TSMC from investments in US production.
What Bloomberg Intelligence says
TSMC and GlobalWafers are the most likely of Taiwanese chipmakers to benefit from new tariffs on semiconductors after investing billions in US production facilities. Due to limited and almost outbreak efforts by United Microelectronics and ASE, they are vulnerable and risk losing market share to US-based rivals Global Foundry and Amkor.
– Charles Sham, By Analyst
Beyond the advantage of AI silicon as the best choice, TSMC still has the key business of providing semiconductors to smartphones. That sector is gradually recovering this year, Sony Group Corp. said after earnings Thursday.
Apple Inc. also reported its fastest quarterly revenue growth in over three years with solid demand in China, saying its revenue this quarter will increase by half digits from the previous year.
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