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TSMC hands Trump a massive win with a fresh $100 billion Arizona expansion
Jul 16, 2026
< 1 min read
by Hania Humayun
for CryptoPolitan
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AI Overview
TSMC reported net profit up 77.4% year‑on‑year and 23.4% quarter‑on‑quarter, marking a fifth consecutive record quarter as revenue rose 36% YoY to NT$1.27 trillion. The surge was driven by strong AI chip demand, which could boost capacity for crypto infrastructure and AI-enabled DeFi applications and support broader adoption and market activity.
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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...
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