TSMC July revenue jumps 44.7% on strengthening AI chip demand
TSMC reported July revenue of 467.58 billion new Taiwan dollars (about $14.5 billion), up 44.7% year-on-year, driven by continued strength in AI-related chips. The company is guiding for 40% revenue growth for the year, raised capex to between $60 billion and $64 billion, and expects 2026 revenue to rise by slightly above 40% in U.S. dollar terms.