TSMC (Taiwan Semiconductor Manufacturing Company) also showed the company’s strength in the market by announcing its financial results for the second quarter of 2024. TSMC increased its net sales by 40.1% $20.88 billion level. Gross profit, increase of 37.6% $11.10 billion was included as. The company’s operating revenue increased 41.9% to US$8.88 billion. Net income increased 36.3% to US$7.68 billion.

TSMC, With a market value of $836.35 billion It was the ninth most valuable company in the world and recently surpassed the $1 trillion mark, rising to eighth place. The company’s CEO, Dr. CC Wei, pointed out that while the company is doing well financially, increases are on the way.

TSMC prepares to raise money

Wheyin his statement “Our customers’ success drives TSMC’s success. We will work closely with our customers and suppliers in the face of increasing cost challenges,” said.

From TheNextPlatform Timothy Prickett MorganHe emphasized TSMC’s potential, noting, “TSMC should buy Arm and set up its own cloud service.” Such a move reveals TSMC’s potential to expand beyond a mere foundry service provider. On the other hand, it seems unlikely that such a move would pass antitrust scrutiny. TSMC, Intel, NVIDIA and AMD It also provides services to companies such as.