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Taiwan Semiconductor Manufacturing Co (TSMC) is projected to announce a 30% increase in second-quarter profit due to the rising demand for AI chips. The company, a major producer of advanced chips for AI applications, is set to report its earnings on Thursday.
TSMC’s 2nd quarter net profit is seen leaping 30% year-on-year to NT$236.1 billion (US$7.5 billion) on surging demand for AI chips, Reuters reports, up from last year’s NT$181.8 billion. Analysts expect TSMC to report strength across the board when it reports Q2 earnings on…
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