TSMC profit surges 77% to record on AI chip demand, pledges additional $100B for Arizona

Hindustan Times—TSMC reported a 77% surge in second-quarter profit to a record high, far surpassing analyst expectations driven by soaring AI chip demand. The chipmaker also announced an additional $100 billion investment in its Arizona semiconductor facilities. Despite the blowout earnings, TSMC shares fell as investors weighed the scale of the expansion costs against near-term returns.

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• Daily Sabah (Turkey) — TSMC posts record profit, boosts US investment by $100B
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• Reuters — Q2 profit surged 77% to a record high, far above analyst forecasts on AI chip demand