TSMC, revenues boom. But Trump's words weigh heavily
Semiconductor giant unveils second quarter figures and they are all about enthusiasm
1' min read
1' min read
After the field day that swept through the entire semiconductor industry due to Trump's words on Taiwan and new US restrictions on exports to China, TSMC is trying to raise its head again, presenting a decidedly positive quarterly report.
The Taiwanese company, the world's largest contract chipmaker, reported second-quarter revenues in 2024 up 40.1 per cent from a year ago to NT$673.51 billion, while net profit rose 36.3 per cent from a year ago to NT$247.85 billion.
The company estimated second quarter revenues to be between USD 19.6 billion and USD 20.4 billion.
Growing demand for advanced chips used in artificial intelligence applications has boosted Taiwan-listed Tsmc shares by almost 70% this year. But the boom has been abruptly interrupted by Trump's statements that Taiwan's defence must be rediscussed. In fact, the Republican candidate explained in an interview that Taiwan had taken the leadership in the chip world away from the US, and that the island's defence against China must be reviewed.
Statements that, combined with new US tightening of chip exports to China, sent semiconductor stocks to hell, with Tsmc itself losing over 7% in a single session.
