Taiwan Semiconductor Manufacturing Co (NYSE:TSM) (TSMC) on Friday announced a 26% increase in its sales in July, indicating that artificial intelligence-fueled demand for its advanced chips remained sound.
TSMC said its July sales rose 25.8% year-on-year to T$323.17 billion ($10.8 billion). Sales also grew 22.5% from the prior month.
The chipmaker, which is a key supplier to major AI processor developers such as Nvidia (NASDAQ:NVDA), has seen stellar sales growth so far in 2025, which it has attributed largely to AI.
Its sales for the first seven months of 2025 are up nearly 38% from the same period last year.
TSMC’s shares hit a record high on Thursday after Taipei said the company will be exempt from a 100% tariff on chip exports to the United States, which was announced by Trump earlier this week.
TSMC has committed a total $165 billion to building more manufacturing facilities in the U.S., in line with Trump’s demands for more local chipmaking.
Shares of the firm are up about 10% so far in 2025, after rising roughly threefold since late-2022.
TSMC clocked stellar, consensus-beating earnings in the second quarter, largely on solid AI-fueled demand. Chip demand from other key industries, mainly smartphones and personal computers, is also expected to improve in the coming months.
Source :
https://www.investing.com/news/stock-market-news/tsmc-july-sales-jump-26-as-ai-chip-demand-remains-strong-4178781
