TSMC posts Q2 sales of T$933.8 billion, above forecasts

TSMC 2330, the world's largest contract chipmaker, reported on Thursday second-quarter revenue of T$933.80 billion ($31.9 billion), beating market forecasts, as demand for the company's products leaps on surging interest in artificial intelligence (AI) applications.

An LSEG SmartEstimate, drawn from 21 analysts, had predicted second-quarter revenue of T$927.831 billion.

Taiwan Semiconductor Manufacturing Co (TSMC) 2330 is a major supplier to companies including Apple AAPL and Nvidia NVDA.