TSMC raises its revenue growth forecast for 2025, boosted by the surge in spending on artificial intelligence computing power.

TSMC raised its revenue growth outlook for 2025, further strengthening investors' confidence in the continued surge in global artificial intelligence spending. The world's largest chip factory predicted on Thursday that its sales this year would increase by about 30% in US dollars, higher than the previously forecasted growth rate of around 25%. Net profit in the second quarter increased by 61% year-on-year, performing better than expected. TSMC's impressive performance highlights the strong demand for high-end AI chips from companies like NVIDIA, AMD, and others, even surpassing TSMC's production capacity. TSMC President C.C. Wei stated at the shareholders' meeting in June that AI-related orders continue to be strong.