TSMC to invest additional $100 billion in Arizona after second-quarter profit soars 77%

Taiwan Semiconductor Manufacturing Co delivered second-quarter results that substantially exceeded analyst expectations, with net income rising 77.4% year over year. The company’s profits reached record highs for a fifth consecutive quarter and climbed 23.4% from the prior quarter. Revenue expanded to NT$1.27 trillion, representing a 36% increase from NT$933.79 billion in the year-ago period.
Chairman C.C. Wei attributed the strong performance to continued robust demand from artificial in