TSMC second-quarter profit beats expectations as AI chip boom continues

Taiwan Semiconductor Manufacturing Company on Thursday beat revenue and profit expectations in the second quarter, as demand for advanced chips used in AI applications continue to surge.Here are TSMC's second-quarter results versus LSEG consensus estimates:Revenue: 673.51 billion New Taiwan dollars ($20.82 billion), vs. NT$657.58 billion expectedNet income: NT$247.85 billion, vs. NT$238.8 billion expectedTSMC reported net revenue rose 40.1% from a year ago to NT$673.51 billion, while net income increased 36 ...