TSMC Second Quarter Earnings Point Towards Strong Chip Demand and Sustained Growth

Taiwan Semiconductor Manufacturing Company often referred to as TSMC, has today posted record-breaking earnings result for the second quarter of 2021. Amidst the high demand for chips at the global level, TSMC reported a revenue jump of 28% Year-over-Year (YoY), with profits following at 11%.

The ongoing global pandemic has been the main factor for higher chip demand as more people work from home and seek entertainment from consoles and PC gaming. The demand has sparked a massive surge for semiconductor processors powering everything from smartphones, cars, laptops, to supercomputers.  And TSMC is the main manufacturer of all of the aforementioned chips.

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