News from Europe: "TSMC's Q2 revenue soars amazing " same story 👍
$Taiwan Semiconductor(TSM.US$ TSMC, the world's largest chipmaker, on Wednesday reported strong second-quarter revenue growth that far exceeded market forecasts, thanks to growing demand for artificial intelligence (AI) applications.
The group, which counts Apple and Nvidia among its customers, has benefited from the wave of AI that has helped the company weather declining demand due to pandemics and pushed TSMC's share price to a record high.
No direct comparison
Sales in the April-June period this year amounted to T$673.51 billion, according to Reuters calculations. That is a growth of 32% year on year. It is not a direct comparison because TSMC provides monthly revenue data only in Taiwan dollars, but quarterly revenue figures and quarterly earnings call guidance are both in US dollars.
For June alone, TSMC reported revenues rose 33% year over year to $207.87 billion.![]()
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Sales in the April-June period this year amounted to T$673.51 billion, according to Reuters calculations. That is a growth of 32% year on year. It is not a direct comparison because TSMC provides monthly revenue data only in Taiwan dollars, but quarterly revenue figures and quarterly earnings call guidance are both in US dollars.
For June alone, TSMC reported revenues rose 33% year over year to $207.87 billion.
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