TSMC July revenue surges 44.7%

Semiconductor Manufacturing International Corporation (TSMC), the world's largest contract chipmaker, reported July revenue of NT$467.58 billion ($14.5 billion), a 44.7% increase year-over-year. The surge was driven by sustained strong demand for AI-related chips, as major technology companies continue heavy investment in AI infrastructure. TSMC's high-performance computing segment, which includes AI chip sales, accounted for 66% of revenue in Q2. The company raised its 2026 revenue growth guidance to slightly above 40% in U.S. dollar terms and increased its capital expenditure forecast to $60-64 billion for the year. Chairman C. C. Wei described AI-related demand as 'extremely robust.' The strong results lifted European semiconductor stocks, including ASML, Infineon, and STMicroelectronics, while the PHLX Semiconductor Index remains down about 15% from its June high but up 72% for the year. TSMC shares are up 50% year-to-date. Analysts caution that monthly figures can be volatile, but the July performance puts TSMC ahead of its full-year growth target.