(Bloomberg) — Taiwan Semiconductor Manufacturing Co.’s second-quarter sales grew at their fastest pace since 2022, buoyed by the AI boom that’s fueling data center investment worldwide.
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The sole supplier of Nvidia Corp. and Apple Inc.’s most advanced chips said revenue for June came to NT$207.9 billion ($6.4 billion). That means 40% growth in the June quarter to NT$673.5 billion, versus the average projection for a 35.5% rise.
The Wednesday sales figure comes after the world’s largest contract chipmaker briefly hit a $1 trillion market capitalization on a wave of investment into artificial intelligence-related data centers and devices. Businesses around the world are racing to buy up hardware such as Nvidia chips to build up AI-supporting infrastructure. That’s prompted Wall Street brokerages to lift their price targets for TSMC, citing the…
