{"id":33962,"date":"2024-07-10T13:28:10","date_gmt":"2024-07-10T13:28:10","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/tsmc-expected-to-report-32-jump-in-q2-revenue-on-ai-boost-reuters\/"},"modified":"2024-07-10T13:28:10","modified_gmt":"2024-07-10T13:28:10","slug":"tsmc-expected-to-report-32-jump-in-q2-revenue-on-ai-boost-reuters","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/tsmc-expected-to-report-32-jump-in-q2-revenue-on-ai-boost-reuters\/","title":{"rendered":"TSMC expected to report 32% jump in Q2 revenue on AI boost: Reuters"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
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Taiwan Semiconductor Manufacturing Company (TSMC) which is the world\u2019s largest contract chipmaker is expected to report a 32% increase in revenue for the April-June quarter\u00a0at T$673.51 billion ($20.67 billion), a Reuters calculations has revealed, on the back of rise in demand for artificial\u00a0intelligence (AI) applications.\u00a0<\/p>\n

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The calculated revenue beat\u00a0an LSEG SmartEstimate, drawn from 21 analysts, of T$654.27 billion.<\/p>\n

Reuters said the company\u00a0benefited from the surge towards AI which helped it weather the tapering off of pandemic-led demand and pushed TSMC\u2019s share price to a record high.<\/p>\n

It is expected to report a 30% year-on-year rise in Q2 net profit, according to an LSEG SmartEstimate as reported by Reuters.<\/p>\n

TSMC will report second-quarter earnings on July 18.\u00a0<\/p>\n

June revenue jumps by 33% YoY, company says<\/h2>\n


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On Wednesday, the company released its June revenue figures reporting a 33% growth in revenue for the month as compared to June last year.\u00a0<\/p>\n

The revenue still showed a dip of 9.5% from May this year, but year to date revenue showed an increase of 28% compared to the same period last year at\u00a0NT$1,266.15 billion.<\/p>\n

TSMC in spotlight for breaching the trillion-dollar club<\/h2>\n


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On Monday, the Taiwanese chipmaker listed in both Taiwan and New York briefly broke the $1 trillion market capitalization mark in a feat that put it ahead of Tesla as the seventh most valuable technology giant on the stock market.\u00a0<\/p>\n

The rally came after Morgan Stanley updated its outlook on the company\u2019s shares and increased its price target to\u00a0NT$1,180.00 from NT$1,080.00 in what reflected an anticipation of positive second-quarter results.\u00a0<\/p>\n

The company produces over 60% of the world\u2019s semiconductors and over 90% of advanced semiconductors. The strategic importance of the company is explained by the fact that it contributes 15% of Taiwan\u2019s GDP.\u00a0<\/p>\n

What did Morgan Stanley say?<\/h2>\n


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Morgan Stanley upped its target on the stock by roughly 9%, predicting that TSMC will raise its full-year sales forecast in the upcoming earnings announcement, according to Bloomberg.\u00a0<\/p>\n

The brokerage also expected TSMC to increase wafer prices due to its robust bargaining power.<\/p>\n

According to Bloomberg, Morgan Stanley analysts, including Charlie Chan, on Sunday said\u00a0<\/p>\n

\u201cTSMC\u2019s \u2018hunger marketing\u2019 strategy appears to be effective,\u201d\u00a0<\/p>\n

They also mentioned that TSMC is conveying a message that leading-edge foundry supply could be tight in 2025, and customers may not get sufficient capacity allocation without recognizing TSMC\u2019s value.<\/p>\n

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(Originally posted on : Invezz ) Taiwan Semiconductor Manufacturing Company (TSMC) which is the world\u2019s largest contract chipmaker is expected to report a 32% increase in revenue for the April-June quarter\u00a0at T$673.51 billion ($20.67 billion), a Reuters calculations has revealed, on the back of rise in demand for artificial\u00a0intelligence (AI) applications.\u00a0 Are you looking for […]<\/p>\n","protected":false},"author":3947362359,"featured_media":33963,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33962"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362359"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=33962"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/33962\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/33963"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=33962"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=33962"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=33962"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}