ISTANBUL

Taiwan Semiconductor Manufacturing Corporation (TSMC), the world's largest semiconductor manufacturer, saw its net income rise by 60.7% year-on-year in the second quarter of 2025.

The firm's profit climbed to 398.3 billion new Taiwan dollars (approximately $13.5 billion) in the second quarter of this year, according to TSMC's financial results released on Thursday.

TSMC's net sales also grew by 38.6% during the same period to 933.8 billion new Taiwan dollars ($31.7 billion).

The figures surpassed market expectations as the company benefited from the worldwide AI boom. TSMC manufactures cutting-edge AI processors for major customers including Nvidia, Apple, AMD, Broadcom and Qualcomm.

TSMC has not yet received a new tariff letter from U.S. President Donald Trump, though Taiwan has already been subject to a 32% tariff imposed in April. Trump has also warned of possible additional tariffs on semiconductor imports to boost domestic production.

In March, TSMC announced plans to invest $100 billion in building semiconductor plants in the US, bringing its total planned US investments to $165 billion.