Taiwan Semiconductor Manufacturing Co. reported $40.2 billion in second-quarter revenue, extending its run of record quarters to five. The company also raised its full-year revenue growth outlook to more than 40% and increased its capital expenditure guidance to $60 billion-$64 billion. CEO C.C. Wei said demand is being driven mainly by the market for "agentic AI," which he said requires more computing power than standard large language models. TSMC added that 70%-80% of its capital spending is being directed to advanced process technologies. That allocation could affect capacity distribution for non-AI customers, including manufacturers of crypto mining machines, according to the report cited by CryptoBriefing.
Taiwan Semiconductor Manufacturing Co. reported $40.2 billion in second-quarter revenue, marking its fifth straight record quarter. The company also raised its full-year revenue growth outlook to above 40% and lifted its capital expenditure guidance to $60 billion-$64 billion.
AI demand drives outlook revision
According to CryptoBriefing, TSMC CEO C.C. Wei said the market for "agentic AI" is the main demand driver. He said those systems require more computing power than standard large language models.
TSMC said 70%-80% of its capital spending is allocated to advanced process technologies. That could affect capacity allocation for non-AI customers, including crypto mining hardware manufacturers.
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