Taiwanese chip big TSMC mentioned Thursday its web income rose 36% within the second quarter of 2024, buoyed by international demand for generative synthetic intelligence merchandise.
Taiwan Semiconductor Manufacturing Company (TSMC) – whose purchasers embrace Apple and Nvidia – controls greater than half the world’s output of silicon wafers, utilized in every thing from smartphones and vehicles to missiles.
Following the runaway success of ChatGPT, TSMC is now on the forefront of a generative AI revolution, churning out the world’s most superior microchips wanted to energy merchandise made by Silicon Valley.
The agency mentioned it made $7.6 billion in April-June, up from $5.6 billion in the identical interval final yr.
Second-quarter revenues rose 32% on-year to $20.82 billion, it added in a press release.
“Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 67% of total wafer revenue,” it mentioned.
This month the corporate – listed in Taiwan and New York – briefly broke the $1 trillion market capitalization barrier, placing it forward of Tesla because the seventh most useful expertise agency.
Its headquarters – and the majority of its fabrication crops – are in Taiwan, a self-ruled island that China claims as a part of its territory.
Beijing has in recent times ramped up army and political pressures on Taiwan, upping the rhetoric of “unification” being “inevitable.”
The share worth of a number of main AI firms – together with TSMC – dropped Wednesday following stories that the United States was mulling strict curbs on corporations that proceed permitting China entry to superior chip tech.
Former US president Donald Trump – who faces incumbent Joe Biden in a November election – additionally mentioned in a Bloomberg Businessweek report that Taiwan “should pay” the United States for protection, and lamented that it had taken “100% of our chip industry.”
To offset investor and shopper worries, TSMC has launched new factories abroad, together with three deliberate within the United States, and one in Japan that opened this yr.
Experts had known as the Japan plant “the most significant TSMC international investment to open in many years.”
Source: www.dailysabah.com