TSMC's profit jumps 77% as AI chip demand looks structural

TSMC posted Q2 net profit of roughly USD 22 billion, up 77% year-on-year, Reuters reported July 16. That beat already high forecasts and accelerated from 58% growth in Q1. Revenue rose 36% to a record. Two straight quarters of steeper gains suggest AI chip demand is settling into a lasting driver — not a one-off surge constrained by supply.