TSMC Soars on AI Chip Demand | Business and Finance News

TSMC just smashed Q2 earnings with over $40 billion in revenue—up 33% year-over-year—and is projecting even faster growth next quarter, fueled by skyrocketing demand for its cutting-edge 5nm and now 2nm chips, which are selling for $30K per wafer. The company is doubling down on its Arizona foundry with a $100B investment to scale 2nm production, reinforcing its dominance in the global chip supply chain. With agentic AI driving renewed demand for CPUs, TSMC is positioned to lead the next wave of semiconductor innovation, backed by massive investments and unstoppable momentum. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c5b9027e9a680aa3