TSMC's July revenue surged, running ahead of its own full-year growth target
Get Quartz in your inbox
Free daily briefing on global business news.
TSMC's July revenue surged, running ahead of its own full-year growth target
The world's biggest chip manufacturer posted NT$467.58 billion in July sales, running ahead of its own 40% full-year growth target
Bloomberg / Getty Images
Taiwan Semiconductor Manufacturing Co. disclosed July revenue of NT$467.58 billion ($14.5 billion), up 44.7% year on year, reflecting an accelerating appetite for chips used in artificial intelligence applications.
The result puts TSMC $TSM ahead of its own full-year guidance. The company said it expects 2026 revenue to grow by slightly above 40% in U.S. dollar terms, a target it raised after its........
