Thu Jul 17 05:40:00 UTC 2025: Okay, here’s a summary and a news article rewrite of the provided text:
**Summary:**
TSMC, the world’s leading contract chip manufacturer, has reported a record-breaking 60.7% increase in net profit for the second quarter of the year. This surge, exceeding market expectations, is attributed to high demand for semiconductors used in artificial intelligence, and strong sales to key clients such as Apple and Nvidia.
**News Article:**
**TSMC Posts Record Profit Surge Fueled by AI Chip Demand**
TAIPEI (Reuters) – Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest contract chipmaker, announced a stunning 60.7% jump in its second-quarter net profit on Thursday, exceeding analyst estimates and hitting an all-time high. The surge is driven by robust demand for advanced semiconductors used in artificial intelligence (AI) applications.
The company, whose clients include tech giants like Apple and Nvidia, reported a net profit of T$398.3 billion ($13.53 billion) for the April-June period. This figure easily surpassed the T$377.9 billion predicted by LSEG SmartEstimate.
TSMC’s strong performance underscores the increasing importance of AI technology and the company’s leading role in supplying the critical chips that power it. The results signal continued growth for the semiconductor industry, buoyed by the ongoing demand for advanced technologies.
First Piper 