Monthly revenues surge at TSMC

(Sharecast News) - Taiwan Semiconductor Manufacturing Co posted another surge in monthly revenues on Monday, as the global artificial intelligence boom continued to buoy the chip giant. In a brief update the firm - the world's largest contract semiconductor manufacturer - confirmed revenues had reached 442.7bn new Taiwan dollars (£10.3bn) last month, up 6.2% on May and 67.9% on June 2025. In the year-to-date, revenues jumped nearly 35.6% to NT$2.4trn.

TSMC provided no commentary ahead of publishing second-quarter numbers later in the week. However, according to calculations by Reuters, the company is now set to report a 36% hike in revenues for the three-month period to an above-forecast NT$1.27trn.

As at 1130 BST, the Taipei-listed stock was trading 1% higher. Dan Coatsworth, head of markets at AJ Bell, said investors were "largely keeping their powder dry" ahead of the full results on 16 July. Neil Wilson, UK investor strategist at Saxo Markets, called the June data "robust".

TSMC supplies chips for a range of applications, from smartphone to high-end AI systems, with clients including Nvidia, Apple and Advanced Micro Devices. It is Asia's most valuable publicly-listed company, with a market cap of around £1.5trn.

Concerns are growing that the AI boom may be unsustainable, with earnings hard to repeat and investors increasingly taking profits. Despite that, TSMC has now seen its shares rise by 54% in the year to date, and 123% over the last year.