TSMC Just Announced Fantastic News for Nvidia Shareholders
Image: Primary TSMC just reported quarterly earnings, and both revenue and profit blew past estimates. The company said it will increase its manufacturing investment in Arizona by $100 billion, bringing its total investment there to $265 billion.
TSMC chief executive officer C.C. Wei said that signals from customers and their customers, mainly cloud players, are "very strong." In the second quarter, TSMC's revenue soared 33% to more than $40 billion, and earnings per share jumped 77% to $4.31. The company forecasts third-quarter revenue in the range of $44.6 billion to $45.8 billion.
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