TAIPEI (July 13): Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker, reported on Monday second-quarter revenue that rose 36% from a year earlier to a record high on surging interest in artificial intelligence (AI) applications.

Revenue in the April-June period of this year came in at NT$1.27 trillion (US$39.62 billion or RM161.18 billion), according to Reuters calculations, slightly above a NT$1.264 trillion LSEG SmartEstimate drawn from 20 analysts.

TSMC is a major supplier to companies including Nvidia and Apple.

On its last earnings call in April, the company predicted second-quarter revenue of between US$39 billion and US$40.2 billion. The company gives its forecast only in US dollars and not Taiwan dollars.

For June alone, TSMC reported that revenue rose 67.9% year-on-year to NT$442.68 billion, which was up 6.2% compared with the previous month.

The data was originally due last Friday, but it was delayed due to the impending arrival of Typhoon Bavi, which shut financial markets in Taipei that day.

TSMC, Asia's most valuable publicly listed company with a market capitalisation of US$1.955 trillion, did not provide any details or forward guidance in its brief revenue statement.

It is scheduled to report second-quarter earnings on Thursday, when it will also update its outlook and plans for the current quarter and the rest of the year.

TSMC is expected to report a 58.8% year-on-year rise in second-quarter net profit, according to an LSEG SmartEstimate.

TSMC's Taipei-listed shares closed up 1% on Monday ahead of the release of the sales data. The broader market closed flat.

The company's shares have risen 57% so far this year, in line with the broader market.

Uploaded by Tham Yek Lee