Taiwan Semiconductor Manufacturing Company (TSMC) has reported a 40% increase in revenue for the first half of the year, driven by strong global demand for artificial intelligence technologies. The world’s leading contract chip manufacturer recorded NT$1.77 trillion in revenue, compared to the same period last year, underscoring its strategic position in the rapidly evolving semiconductor market.
The company, whose clientele includes global technology leaders such as Nvidia and Apple, attributed the robust performance to sustained momentum in AI-driven innovation. Chairman and Chief Executive Officer CC Wei recently stated that TSMC anticipates record earnings for the full year, citing continued strength in AI-related demand.
TSMC has also benefited from a recent acceleration in sales, a trend partly attributed to geopolitical trade tensions. Specifically, former US President Donald Trump’s tariff measures prompted many firms to increase inventory levels amid concerns over potential future levies.
During a shareholder meeting in June, Wei acknowledged that escalating tariffs could influence pricing and downstream demand, but reaffirmed confidence in the company’s outlook, stating, “Our business will still be very good.”
Meanwhile, Taiwan’s government has confirmed it has not yet received official communication regarding US tariff measures, as discussions remain ongoing in Washington. In contrast, neighbouring countries including Japan and South Korea are among over 20 nations that have been formally notified of potential “reciprocal” tariffs set to take effect from 1 August.
In an effort to mitigate potential trade impacts, Taipei has sought to strengthen its economic and strategic ties with the United States. This includes commitments to increased investment in US markets, greater purchases of American energy, and enhanced defence spending.
-AFP
