Taiwan Semiconductor Manufacturing Co. (NYSE:TSM) posted robust revenue growth in July, reflecting continued strength in artificial intelligence-driven chip demand.
The company reported that its revenue for July climbed 25.8% year-over-year, reaching T$323.17 billion ($10.8 billion). Compared to June, sales rose 22.5%, signaling a strong mid-year performance.
As a crucial supplier to major AI chipmakers like Nvidia (NASDAQ:NVDA), TSMC has seen explosive demand for its advanced semiconductor products in 2025. Sales for the first seven months of the year are now nearly 38% higher than the same period in 2024.
Shares in the chipmaker reached an all-time high on Thursday, buoyed by news that TSMC will not be subject to a 100% tariff on chip exports to the U.S.—a key exemption announced by the Trump administration earlier in the week. The exemption provides relief amid a broader wave of tariffs impacting the tech sector.
In response to U.S. policy pushing for more domestic semiconductor production, TSMC has pledged $165 billion toward expanding its manufacturing footprint in the United States. This move aligns with government efforts to localize critical technology infrastructure.
TSMC stock has gained roughly 10% year-to-date, continuing a strong upward trend that began in late 2022, when its shares had tripled in value.
The chip giant also delivered impressive second-quarter earnings that outpaced analyst expectations, driven primarily by AI-related orders. Demand from other sectors—including smartphones and PCs—is anticipated to recover further in the coming months, potentially broadening TSMC’s growth beyond AI.
Taiwan Semiconductor stock price
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