The growing need for computer chips for artificial intelligence (AI) gives the world’s largest chiporder ready TSMC the best quarterly result in company history. An end to this development is not yet foreseeable, said the Taiwanese group.
TSMC promised a new sales jump for the current quarter. However, because of the American customs policy and other impegwaren, management was careful with the further course of the year.
Profit plus of 60 percent
In the second quarter, net profit rose by 60 percent to the equivalent of 11.63 billion euros. That is about half a billion euros more than expected and the fifth quarter with a double digit percentage plus in a row. Last week TSMC had already announced a turnover increase from almost 40 percent to 27.37 billion euros. For the current quarter of Asia, the most valuable stock market group of the turnover of Asia between 27.44 and 28.48 billion euros. This would be an increase of up to 40 percent compared to the same period last year.
This stormy growth is not in sight, said industrial expert Mario Morales of the IDC Research House IDC. Although the market for chip regulation is expected to grow by 17 to 18 percent in the current year, it expects an increase in turnover of almost 30 percent of the TSMC market leader.
The figures presented were well received by investors. The TSMC titles in Frankfurt rose by a maximum of 6.4 percent. In his slipstream, European technology index won 1.7 percent at the top. The favorites include chip values such as STMicro and Infineon with price gains up to four percent.
American rates initially with little influence
Until now, American import tariffs have hardly influence the TSMC company, one of the customers, the chip manufacturer Nvidia or the iPhone provider Apple. At the same time, the company ruined its American investments to prevent American rates. For this reason, according to a media report, TSMC slows down the construction of a factory in Japan in favor of a facility in the US.
Taiwan exports thanks to TSMC with a record high
TSMC’s high -altitude flight is also reflected in the general economy of Taiwan: according to the information, exports rose by a third to a record of $ 53.3 billion in June. The export of semiconductors and electronic components increased in the same way. However, some of them are advanced effects as a result of approaching American rates.
Larger headache than possible additional US taxes TSMC prepares the development of the exchange rates, emphasized industrial experts than Nystedt from the asset manager Trienient. Finally, the group mainly generates its turnover in US dollars. The Taiwan dollar has upgraded around twelve percent since the beginning of the year.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
