Taiwan Semiconductor Manufacturing Co. (TSM) reported that its sales in July rose 45% year-over-year due to continued demand for artificial intelligence (A.I.) microchips and processors.
TSMC, as the company is known, announced revenue for July of 467.58 billion new Taiwan dollars ($14.50 billion U.S.), up 44.7% from a year earlier.
The company is the world’s biggest manufacturer of microchips, semiconductors, and processors, controlling about three-quarters (75%) of the global market.
TSMC manufactures microchips for several prominent customers, including Nvidia (NVDA) and Apple (AAPL).
Taiwan Semiconductor reports its revenue on a monthly basis but does not provide any commentary on the sales figure.
However, the company’s second-quarter earnings report showed that high-performance computing, which is where TSMC books A.I. chip sales, accounted for 66% of its revenue.
In its second-quarter print, TSMC said that it expects 2026 revenue to increase by slightly above 40% in U.S. dollar terms.
Management also raised their capital expenditure projection to between $60 billion U.S. and $64 billion U.S. for all of this year.
TSM stock has risen 74% over the last 12 months to trade at $420.04 U.S. per share.
Tech Insider
