Taiwanese TSMC – one of the largest producers in the hot semiconductor industry – reports an unexpectedly strong result for the second quarter of the year.
The global wave of investments in artificial intelligence (AI) contributes to the development.
The net profit was 247.8 billion Taiwanese dollars, equivalent to approximately 80 billion kronor. This can be compared to an average forecast of 235 billion Taiwanese dollars, according to Bloomberg.
Sales were 673.5 billion Taiwanese dollars, compared to expected 658 billion.
TSMC, whose stock market value has more than doubled since AI investments took off at the end of 2022, is, among other things, a subcontractor to tech giants such as Apple and Nvidia.
