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- Thursday, Taiwan Semiconductor Manufacturing Co. strengthened its projections of growth in annual income, while the high demand for AI continued to fuel the results of the largest contractual chip contract in the world.
- The CEO, CC Wei, said he saw an annual sales growth of around 30% in US dollars, up compared to the levels of approximately 20% before.
- Action by action in the second quarter of TSMC and income is higher than estimates.
Taiwan Semiconductor Manufacturing Co. (TSM) increased its projection of annual income growth to around 30%, with solid results of supplying AI demand in the largest contractual chip contract in the world.
TMSC forecasts sent actions in the Taiwan-based supplier to Tech Heavyweights Apple (AAPL) and NVIDIA (NVDA) almost 4% higher in pre-market trading on Thursday. Until now, shares have increased by around 18% this year.
The company expects its 2025 revenues to increase by approximately 30% in US dollars, said CEO of TSMC, CC Wei, when calling the company’s second quarter, according to a transcription provided by Alphasense. In April, Wei said that he expected the annual income of the flea manufacturer to increase “near the mid -20 percent”.
The flea manufacturer said he expects income between $ 31.8 billion and $ 33 billion in the third quarter. In the middle of the range, which was higher than the Visible Alpha consensus estimate of 932.04 billion new taiwan, or about $ 31.67 billion.
Meanwhile, the company recorded a profit per share in the second quarter of 15.36 new revenue Taiwan which increased by 39% in annual sliding to $ 933.79 billion. The analysts interviewed by Visible Alpha awaited $ 14.6 NT and $ 929.79 billion dollars respectively.
