NewsMeter
A profit gain of more than 77% year-on-year in the second quarter placed Taiwan Semiconductor Manufacturing Company ahead of analyst estimates.
High-end chip demand was the stated driver, and the result arrived after TSMC published its June revenue figures earlier this week. The reported figure The 77%-plus YoY gain is the reported number the quarter turns on.
It cleared analyst estimates, though the available disclosure does not specify the absolute profit total or the precise consensus figure. A jump of that magnitude puts second-quarter profit well above year-ago levels.
High-end chips: where the demand concentrated TSMC is the world's leading contract chipmaker, producing semiconductors for a range of technology companies across multiple process nodes.
Keep reading