Core Insights - TSMC reported June revenue of NT$263.71 billion, a decrease of 17.7% month-over-month but an increase of 26.9% year-over-year [1] - For the first half of the year, TSMC's revenue reached NT$1,773.046 billion, a 40.0% increase compared to the same period last year [1] - Q2 revenue was NT$933.796 billion (approximately US$31.95 billion), up 38.6% year-over-year, exceeding company guidance and market expectations [1] - Analysts had predicted Q2 revenue of NT$927.831 billion, while JPMorgan expected US$29.95 billion, with a quarter-over-quarter growth of 17% [1] - Strong demand for 3nm and 5nm processes, along with urgent orders for older process nodes, contributed to the revenue growth despite significant appreciation of the New Taiwan Dollar [1] - TSMC's gross margin for Q2 is expected to remain at 57.9% [1] Company Outlook - TSMC's CEO, C.C. Wei, indicated that while U.S. tariffs have had some impact, demand for AI remains strong and continues to exceed supply [2] - The company forecasts a mid-teens percentage growth in revenue for 2025 [1][2] - TSMC expects full-year revenue growth in USD to be close to the mid-20% range (24%-26%) [2] - The company plans to hold an earnings call on July 17, focusing on order outlook for the second half, capital expenditure plans for 2026, and progress on 2nm process technology [2] - TSMC benefits from the AI boom as the largest chip foundry, producing high-end processors for companies like NVIDIA and AMD [2] - The company announced plans to invest an additional US$100 billion in the U.S., following a previous commitment of US$65 billion for three factories [2]