台积电再创新高，二季度利润大涨61%

Core Viewpoint - TSMC reported a nearly 61% year-on-year increase in net profit for Q2, driven by strong demand for AI chips, exceeding expectations [1][3][4]. Financial Performance - Q2 net revenue reached NT$933.8 billion (approximately $317 billion), surpassing the expected NT$931.24 billion [6]. - Net profit for Q2 was NT$398.27 billion, compared to NT$377.86 billion in the same period last year [6]. - The company forecasts Q3 revenue between $31.8 billion and $33 billion, reflecting a 38% year-on-year growth and an 8% increase from the previous quarter [1]. Market Dynamics - TSMC's growth is primarily fueled by robust demand for AI-related chips, particularly those with nodes smaller than 7nm, which accounted for 74% of total wafer revenue in the quarter [7]. - The AI demand surge is expected to remain strong in the short term as the technology is still in its early stages and expanding across various industries [7]. Challenges and Risks - TSMC faces potential challenges from U.S. trade policies, including threats of high tariffs on Taiwan and export controls affecting its business with major clients like NVIDIA and AMD [7]. - The company is also contending with the appreciation of the New Taiwan Dollar and possible declines in orders from smartphone and PC customers due to global macroeconomic conditions [8].