TSMC’s half-year revenue surges 40%

Taiwanese chip giant TSMC reported on Thursday a 40% surge in revenue in the first six months on robust demand for AI technology.

Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips, which have become the lifeblood of the global economy, powering everything from smartphones to missiles.

TSMC’s half-year revenue increased 40 percent to NT$1.77 trillion (US$60.8 billion) from a year earlier, the company, whose clients include tech giants Nvidia and Apple, said in a statement.