Taiwan Semiconductor Manufacturing Co. raised its outlook for 2025 revenue growth, shoring up investors’ confidence in the momentum of the global AI spending spree.

Taiwan Semiconductor Manufacturing Co (TSMC) lifted its outlook for 2025 after posting a record profit in the second quarter, despite currency pressures and Trump’s tariff uncertainty. The numbers: The world’s largest semiconductor maker reported an almost 61% year-on-year rise in Q2 profit to US$13.

TSMC lifted its full-year revenue outlook in dollar terms during an earnings call, citing robust demand for high-performance computing chips driven by artificial intelligence (AI) applications. The world's largest contract chipmaker benefits from the ongoing AI surge even as multiple macroeconomic challenges persist.