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[Alpha Biz= Kim Jisun] Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker, reported record-breaking second-quarter revenue, beating market forecasts as demand for AI-related semiconductors continues to surge.
On July 10, TSMC announced that its Q2 revenue reached NT$933.8 billion (approximately KRW 44 trillion)—a 38.6% increase year-over-year and its highest quarterly revenue ever. The figure surpasses both the company’s previous record of NT$868.5 billion in Q4 2024 and market expectations of NT$928.0 billion.
Analysts interpret the results as a clear sign of continued strong investment momentum in AI semiconductors. Attention now turns to TSMC’s Q2 earnings call scheduled for July 17 (local time), where CEO C.C. Wei and other executives are expected to offer guidance on the second half of the year.
Key points of interest include:
Sustained demand for AI chips
Expansion of high-value advanced packaging capacity
Demand outlook for the next-generation 2nm process, scheduled for mass production in H2 2025
Despite strong topline performance, foreign exchange volatility is emerging as a headwind in the semiconductor sector.
TSMC’s monthly revenue showed a downward trend in Q2:
NT$349.6 billion in April
NT$320.5 billion in May
NT$263.7 billion in June (down 17.7% from May)
The sharp June decline is partly attributed to the stronger Taiwanese dollar against the U.S. dollar, which impacts revenue as export transactions are largely USD-denominated.
Some market watchers also point to uncertainty over U.S. tariffs under a potential second Trump administration, warning that sustained dollar weakness could weigh on earnings in the coming quarters.
알파경제 Kim Jisun Reporter(stockmk2020@alphabiz.co.kr)
