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The world's biggest chip manufacturer posted NT$467.58 billion in July sales, running ahead of its own 40% full-year growth target
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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 second-quarter earnings last month. TSMC also raised its capital expenditure projection to between $60 billion and $64 billion for the year.
