AsianFin -- Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, reported a 60.7% surge in second-quarter net profit, driven by booming demand for semiconductors powering artificial intelligence applications.

Net income for the April–June period rose to T$398.3 billion (approximately $13.5 billion), marking a new record for the company. The results surpassed analysts’ expectations, easily beating the T$377.9 billion consensus from LSEG’s SmartEstimate, which places more weight on historically accurate forecasters.

The strong performance reflects TSMC’s pivotal role in supplying chips to major tech giants including Apple and Nvidia, amid a global race to scale up AI infrastructure.