TSMC Reports Surge in Sales Reflecting Strong Demand for Advanced Chips

TSMC, the world's largest semiconductor foundry, reported a significant sales increase in July, rising 44.7% year-on-year to approximately $2.96 billion. Sales also grew by 5.6% compared to June, highlighting ongoing global demand for advanced chips used in AI applications. These results follow a strong June performance, where TSMC recorded revenues of 442.68 billion New Taiwan dollars, up 67.9% year-on-year. TSMC has raised its revenue growth forecast for 2026 to over 40% in USD, alongside an increase in capital expenditure plans to between $60 and $64 billion.