Taiwan Semiconductor Manufacturing Co. reported preliminary second-quarter revenue of NT$933.8 billion (US$31.9 billion), a 38.6% increase from a year earlier and ahead of the NT$928 billion average analyst estimate. The figure also exceeded the chipmaker’s April guidance range of US$28.4 billion to US$29.2 billion, underscoring the continued strength of demand for advanced processors used in artificial-intelligence applications. For June alone, sales reached NT$263.71 billion—up 26.9% from a year earlier but down 17.7% from May—marking a second consecutive month of slowing annual growth. Even so, revenue for the first half of 2025 climbed 40% to NT$1.77 trillion, buoyed by orders from customers such as Nvidia, AMD and Qualcomm that are racing to secure leading-edge production capacity. TSMC is scheduled to release full quarterly results and provide an outlook on 17 July. Investors will look for updates on capital-spending plans and the company’s view on whether the surge in AI-related demand can offset a softer smartphone and PC market in the second half of the year.