TSMC posted a 77.4% year-on-year profit jump in Q2

Taiwan’s largest chipmaker, TSMC, reported another blockbuster quarter on Thursday as strong demand for AI chips continued to drive growth. The company said its net profit jumped 77.4% from a year earlier and rose 23.4% from the previous quarter, marking its fifth consecutive record quarter. Revenue increased 36% year over year to NT$1.27 trillion (about...