TSMC's July Sales Soar 26% as AI Demand Stays Red-Hot
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TSMC is the world's largest contract chipmaker. The company supplies advanced semiconductors to top tech giants, including Apple (AAPL), Nvidia (NVDA), and Advanced Micro Devices (AMD).
TSMC Rides AI Wave
So far in 2025, TSMC has seen stellar growth driven largely by surging AI demand. The strong July numbers lifted TSMC's total revenue for January to July 2025 to T$2.096 trillion, up 37.6% from the same period last year.
Last month, TSMC posted its Q2 2025 results, with revenue up 38.6% year-over-year and net income and diluted EPS surging 60.7%.
Following the results, TSMC Chairman CC Wei highlighted the growing need for advanced chips fueled by AI applications, which require greater computing power. Wei further noted that TSMC is seeing strong demand for new technologies, especially high-performance computing (HPC) devices. For Q3, the company expects revenue between US$31.8 billion and US$33.0 billion.
TSMC's Stock Reached a Record High
Yesterday, TSMC shares hit a record high, gaining nearly 5%. The surge came after Taiwan's National Development Council confirmed the chipmaker will be exempt from the U.S. tariff announced by President Trump a day earlier. On Wednesday, Trump announced plans for nearly 100% tariffs on all chips entering the U.S., exempting tech firms that commit to domestic manufacturing.
This stance aligns with TSMC's own plans, as the chipmaker has pledged $165 billion to expand manufacturing in the U.S., supporting Trump's push for greater domestic chip production.
Is TSMC Stock a Good Buy?
According to TipRanks, TSM stock has a Strong Buy consensus rating based on six Buys and one Hold assigned in the last three months. At $267.6, the TSMC average stock price target implies a 10.3% upside potential.
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