Taiwan Semiconductor Manufacturing (TSM) has released an update.
TSMC has reported a robust financial performance for the second quarter of 2024, showcasing a 40.1% year-over-year increase in revenue to NT$673.51 billion and a 36.3% rise in net income to NT$247.85 billion. The company attributes its solid growth to strong demand for its industry-leading 3nm and 5nm technologies. Looking ahead, TSMC anticipates continued business momentum driven by high demand in the smartphone and AI sectors.
For further insights into TSM stock, check out TipRanks’ Stock Analysis page.
