TSMC’s second-quarter profit seen hitting record on AI boom

TSMC, the world’s largest manufacturer of advanced AI chips, is expected to notch a fifth consecutive quarter of record earnings on Thursday, with a 59% surge in net profit for April-June, driven by booming global demand for AI infrastructure.

Analysts said demand for Taiwan ‌Semiconductor Manufacturing ⁠Co’s (TSMC) 3-nanometre ⁠and 2-nanometre process technologies for AI chips, as well as for its advanced ​chip packaging technology, CoWoS, remains strong.