Skip to main content

Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv

FILE PHOTO: A TSMC logo can be seen outside of TSMC Museum of Innovation in Hsinchu

The logo of Taiwan Semiconductor Manufacturing Company (TSMC) is displayed at TSMC Museum of Innovation in Hsinchu, Taiwan April 9, 2026. REUTERS/Ann Wang/File Photo Purchase Licensing Rights, opens new tab

TAIPEI, July 16 (Reuters) - TSMC, the world's largest contract ​chipmaker, posted a ‌77% jump in second-quarter net profit on ​Thursday, beating market ​forecasts and hitting a ⁠record, riding the ​wave of surging global ​demand for its artificial intelligence processors.

Taiwan Semiconductor Manufacturing ​Co (2330.TW), opens new tab, whose customers ​include Nvidia (NVDA.O), opens new tab and Apple (AAPL.O), opens new tab, saw ‌April-June ⁠net profit rise to T$706.6 billion ($21.99 billion).

Make sense of global markets with the Trading Day newsletter. Sign up here.

The profit handily beat ​a T$632.6 billion ​LSEG ⁠SmartEstimate, which is weighted toward forecasts ​from analysts ​who ⁠are more consistently accurate.

($1 = 32.1340 Taiwan dollars)

Reporting ⁠by ​Wen-Yee Lee, ​Faith Hung and Ben Blanchard; ​Editing by Shri Navaratnam

Our Standards: The Thomson Reuters Trust Principles., opens new tab

  • X

  • Facebook

  • Linkedin

  • Email

  • Link

Purchase Licensing Rights

Read Next

Nvidia partners with Japan robotics firms on AI development

Nvidia CEO Jensen Huang attends event on Japan's AI policy

  • 6 mins agoExplainer

Explainer: What are leveraged ETFs and how are they driving the AI rally?

Illustration shows word "ETF (ExchanA 3D printed word "ETF (Exchange-Traded Fund)" is seen in front of stock graph in this illustration taken October 16, 2025. REUTERS/Dado Ruvic/Illustrationge-Traded Fund)

  • 5 hours ago

China's Xi to outline AI diplomacy vision at key Shanghai forum

Ceremony devoted to the 105th anniversary of the Communist Party of China, in Beijing

Publicis raises growth target as AI-driven marketing demand stays strong

VivaTech conference dedicated to innovation and startups in Paris

Where authorities are restricting data centres amid AI boom

Microsoft global energy strategy annoucenment at its Dublin data centre

EXCLUSIVE

Data center firm Switch taps banks for IPO that could value it up to $80 billion

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City

World

  • Czech court rules on extradition of German neo-Nazi suspect Marla Svenja Liebich

German far-right activist transferred to men's prison in transgender case

Worldcategory · July 16, 2026 · 5:24 AM EDT · 9 mins ago

German far-right activist Marla-Svenja Liebich, who legally changed gender to a woman in 2024, has been taken to a ​men's prison after being extradited to Germany from the Czech Republic, ‌officials said on Thursday.

  • Reuters' template to be used in breaking news scenarios

Worldcategory Ukraine parliament approves energy executive Koretskyi as new PM

5:22 AM EDT

  • U.S. Vice President JD Vance attends This is the Turning Point Tour at the University of Georgia in Athens

category Vance says some in Israeli government sought to sway US on Iran deal

5:17 AM EDT

  • Ukraine's Minister of Defence Mykhailo Fedorov and his Swedish counterpart Pal Jonson attend a joint press conference, as Saab signs a contract to deliver Gripen E fighter aircraft to Ukraine

category Who is Ukraine's Mykhailo Fedorov, the dismissed defence minister?

5:13 AM EDT

  • Reuters interviews Philippine Foreign Affairs Secretary Ma. Theresa Lazaro

Asia Pacificcategory ASEAN envoy says to engage all Myanmar stakeholders, will brief ministers at Manila meeting next week

5:10 AM EDT

Read Original at Reuters →