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Taiwan Semiconductor Manufacturing Company (TSMC) has announced a big profit increase. On Thursday, TSMC reported a profit jump of 77.4% in the second quarter compared to last year. This growth is important because TSMC is the world’s largest contract-chipmaker.
The company earned 1.27 trillion new Taiwan dollars, which is about $39.45 billion. This is more than the expected 1.264 trillion new Taiwan dollars. TSMC also had a net income of 706.56 billion new Taiwan dollars, higher than the estimated 632.64 billion.
TSMC predicts that its revenue for the upcoming third quarter will be between $44.6 billion and $45.8 billion. The Chairman, C.C. Wei, said that demand for artificial intelligence (AI) products is still very strong. To meet this demand, TSMC plans to invest an extra $100 billion in Arizona, increasing its total investment in the state to $265 billion.
The company also raised its investment budget for this year to between $60 billion and $64 billion. TSMC’s net income for June was a record high for the fifth time in a row, showing strong growth. Most of its revenue came from advanced technologies, especially those using 5-nanometer and 3-nanometer processes.
What was TSMC's profit increase percentage in the second quarter compared to last year?
50.2%
77.4%
64.5%
85.1%
What was TSMC's net income for June?
632.64 billion new Taiwan dollars
706.56 billion new Taiwan dollars
1.27 trillion new Taiwan dollars
1.264 trillion new Taiwan dollars
How much does TSMC predict its revenue will be in the upcoming third quarter?
$40.5 billion
$44.6 billion to $45.8 billion
$60 billion
$100 billion
How much is TSMC planning to invest in Arizona?
$100 billion
$200 billion
$265 billion
$60 billion
What was TSMC's investment budget for this year raised to?
$44.6 billion
$60 billion to $64 billion
$100 billion
$265 billion
Which technology process does TSMC mainly derive most of its revenue from?
5-nanometer and 3-nanometer processes
10-nanometer and 7-nanometer processes
2-nanometer and 1-nanometer processes
15-nanometer processes
TSMC reported a 77.4% profit increase in the first quarter.
TSMC's net income in June was a record high for the fourth time in a row.
C.C. Wei is the chairman of TSMC.
TSMC plans to invest an additional $100 billion in Texas to meet AI demand.
Most of TSMC's revenue came from advanced technologies.
The company's profit was less than the expected amount.
TSMC reported a profit jump of 77.4% in the second quarter compared to last year, earning 1.27 trillion new Taiwan dollars, which is about $39.45 billion. TSMC's net income was billion new Taiwan dollars.
To meet the strong demand for artificial intelligence products, TSMC plans to invest an extra billion in Arizona.
TSMC predicts its revenue for the upcoming third quarter will be between billion and $45.8 billion.
The company raised its investment budget for this year to between billion and $64 billion.
Most of TSMC's revenue came from advanced technologies, especially those using -nanometer and 3-nanometer processes.
TSMC's net income for June was a record high for the time in a row.
What was TSMC's profit increase percentage in the second quarter compared to last year?
50.2%
77.4%
64.5%
85.1%
What was TSMC's net income for June?
632.64 billion new Taiwan dollars
706.56 billion new Taiwan dollars
1.27 trillion new Taiwan dollars
1.264 trillion new Taiwan dollars
How much does TSMC predict its revenue will be in the upcoming third quarter?
$40.5 billion
$44.6 billion to $45.8 billion
$60 billion
$100 billion
How much is TSMC planning to invest in Arizona?
$100 billion
$200 billion
$265 billion
$60 billion
What was TSMC's investment budget for this year raised to?
$44.6 billion
$60 billion to $64 billion
$100 billion
$265 billion
Which technology process does TSMC mainly derive most of its revenue from?
5-nanometer and 3-nanometer processes
10-nanometer and 7-nanometer processes
2-nanometer and 1-nanometer processes
15-nanometer processes
TSMC reported a 77.4% profit increase in the first quarter.
TSMC's net income in June was a record high for the fourth time in a row.
C.C. Wei is the chairman of TSMC.
TSMC plans to invest an additional $100 billion in Texas to meet AI demand.
Most of TSMC's revenue came from advanced technologies.
The company's profit was less than the expected amount.
TSMC reported a profit jump of 77.4% in the second quarter compared to last year, earning 1.27 trillion new Taiwan dollars, which is about $39.45 billion. TSMC's net income was billion new Taiwan dollars.
To meet the strong demand for artificial intelligence products, TSMC plans to invest an extra billion in Arizona.
TSMC predicts its revenue for the upcoming third quarter will be between billion and $45.8 billion.
The company raised its investment budget for this year to between billion and $64 billion.
Most of TSMC's revenue came from advanced technologies, especially those using -nanometer and 3-nanometer processes.
TSMC's net income for June was a record high for the time in a row.
