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Story summary
- TSMC reported a 77.4% year-on-year increase in second-quarter profit on Thursday.
- Revenue reached NT$1.27 trillion, surpassing the NT$1.264 trillion estimate, while net income hit NT$706.56 billion, beating the NT$632.64 billion forecast.
- Revenue grew 36% from NT$933.79 billion a year earlier, with 7-nanometer and smaller technologies making up 77% of wafer sales.
- Shares rose 1.23%, contributing to a 58% gain this year as AI-chip demand from Nvidia, Apple and Broadcom drives growth.
