TSMC Reports Record Revenues for Q2 – June Revenue Increases by 68%

TSMC achieved a record revenue growth of 36% to over 39.6 in the second quarter. Revenues rose sharply in July by 68% to 13.8 billion USD. Further commitments for US investments and the construction of two new advanced packaging facilities in Taiwan expand production capacity to meet high demand. Management aims for an annual revenue growth of nearly 25% in USD and a gross margin of over 56% for the period from 2024 to 2029. Taiwan Semiconductor Manufacturing (TSM) operates with a market capitalization of around 2.3 trillion USD as the...