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TSMC Q2 profit surges 60%, reaches historic high

TSMC Q2 profit surges 60%, reaches historic high

Reuters17-07-2025
TAIPEI, July 17 (Reuters) - TSMC (2330.TW), opens new tab, the world's largest contract chipmaker, posted a 60.7% jump in second-quarter net profit on Thursday, beating market forecasts and hitting a historic high as it benefited from surging demand for semiconductors used in artificial intelligence applications.
Taiwan Semiconductor Manufacturing Co , whose customers include Apple (AAPL.O), opens new tab and Nvidia (NVDA.O), opens new tab, saw April-June net profit rise to T$398.3 billion ($13.53 billion).
The profit handily beat a T$377.9 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.
($1 = 29.4440 Taiwan dollars)
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